Lyft riders can also opt to contribute to the Trust for Public Land within the Round Up & Donate program.
A new partnership with Trust for Public Land is currently Placing the Room in offering
Even though the park plan of Lyft looks unrelated to its own intentions as a company that is ride-hailing, it is not its initial foray into investing in social, rather than transit, infrastructure. The company has also pledged money to support LA’s bridge home for the homeless, pledging to give the town $5 million this season.
The Trust for Public Land aims to offer each American with a quality playground using a 10 minutes walk from where they reside . One in three Americans doesn’t enjoy that level of park access.
Even Lyft itself has pledged to become a”more multimodal, sustainable transportation firm that supports transit equity and safer streets.”
Jennifer Isacoff, the vice president and manager of field programs for playground development of the group, states the Lyft partnership will focus on advancing those goals. She did not mention any specific dollar amount or direction as to where the parks would be, simply to say they’ll maintain areas where the Trust currently has an office.
The alliance will fund the creation of seven new parks, concentrated in areas which are”park-poor” and underserved, portion of the Trust’s Parks for People community leverage finance. Lyft manager of partnerships and policy, lilly Shoup, said these parks’ precise locations will be shown in the coming weeks. But they’ll be parks that towns have accepted, together with Lyft providing extra muscle.
“This venture is bringing to life when we journey otherwise, we could use land that is currently used for parking for different things, such as parks,” Shoup says. “This shows how a city of the future can provide more opportunities for people.”
Lyft’s announcement comes following public benefits programs have been announced by a range of transit startups and companies . Scooter unicorn Bird stated it would donate cash to fund transit , a program which has been cancelled, Uber vowed to spend $10 million over three years as part of a Fund for Sustainable Freedom to support campaigns for security and enhanced transit.
Lyft announced a new partnership with The Trust for Public Land this morning. From the works for almost a year, the newest collaboration begins to bring clarity to Lyft’s City Works initiative, a guarantee the company made to spend $50 million or 1 percent of profits, whichever is higher, in transit and infrastructure.
Shoup couldn’t give an specific figure for the total park investment of Lyft, but it is going to come out of the annual City Works budget. She provided a somewhat tenuous link between the park project and Lyft’s core transit purpose.
Lyft’s announcement comes about the heels of its recent IPO, in which the newly public company finds its stock marginally below initial offering cost , and research showing the increased social cost of ride-hailing providers , such as the increase in miles traveled, gas consumption, congestion, and crashes.