new chief executive. (Motivate, and by extension Citi Bike, was acquired by Lyft in 2018.) The increase of funding included $5 million from Bikeshare Holdings; $70.5 million from a 10-year extension of the Citigroup sponsorship; and $15 million from the Goldman Sachs Urban Investment Group. As part of the restructuring deal, Walder moved the company headquarters from Portland, Oregon, to New York City. The Citi Bike system would continue to be operated by NYC Bicycle Share, a subsidiary of Alta Bicycle Share. By 2017, Citi Bike would expand its operations by 6,000 bikes and add 375 new docking stations. This agreement also calls for improvements to the system's operations, including upgrades to its software and technology. The company was also appointing a vice president for technology. Following two years of software errors in the bike share system, Motivate shut down the Citi Bike system over the last weekend of March 2015 to replace the existing system software with that of 8D Technologies. The new mobile platform was developed by the Polish software house Netguru. Since then, the Citi Bike system has continued to expand its installations using the 8D Technologies as its software and station equipment supplier. Through that summer, Motivate also refurbished all of the system's 6,000 bikes, as well as fixed the bicycle stations' kiosks and improved the bike docks at these stations. Expansion to Jersey City and Queens In early 2015, as part of its expansion, NYCDOT and Motivate increased the price of annual memberships from $95 to $149 plus taxes, although annual rates for New York City Housing Authority residents and members of some Community Development Credit Unions will remain at $60 per year. That year, the company installed 91 new stations in Queens and Brooklyn, with 12 of these stations in Long Island City and the other 79 in Greenpoint, Williamsburg, and Bedford-Stuyvesant. Citi Bike also added 48 new stations on the Upper East and Upper West Sides, up to 86th Street. The system expanded across the Hudson River to Jersey City, New Jersey, on September 21, 2015, with 35 stations and 350 bikes. However, some Jersey City residents objected to the implementation of Citi Bike there, complaining of lost parking spots for cars. In July 2016, the Jersey City Citi Bike system was expanded for the first time, with another 15 stations and an additional 150 bikes. In August 2016, the company started installing