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. The report also found that a quarter of Americans have never ridden a bicycle in their lives, with only one per cent having cycled more than once or twice within the past year.