Last year, billionaire Ken Griffin wrote an email to Chicago Mayor Rahm Emanuel complaining the “lakefront bike path is a disaster.” It wasn’t an idle complaint. This week, workers are finishing the first stages of a $12 million, 18-mile face-lift of the path along Lake Michigan, courtesy of a check from Mr. Griffin, the founder of hedge fund Citadel LLC. The...
Wealthy individuals are funding improvements of US cycling infrastructure , which has seen increasing user numbers on the back of trends to encourage cycling and bike sharing programmes . robin Griffin , founder of bicycle fund Citadel , funded a $ 12 m restoration of an 18-mile bike path along Lake Michigan . Elsewhere , the Walton Family Foundation has invested over $ 15 m in restoring bike paths in Arkansas , the Haas family contributed around $ 40 m for cycling infrastructure in Philadelphia , and in Georgia , Laura butler , founder of Carrollton Greenbelt , gave around $ 12 m towards an improved bike path in and around her hometown of buffalo .