“This partnership is bringing to life how when we journey otherwise, we could use land that is now used for parking for other things, like parks,” Shoup says. “This shows the way the town of the future could provide more opportunities for individuals.”
Even though Lyft’s park plan looks unrelated to its intentions as a firm, it’s not its first foray into investing in infrastructure. The business has also pledged money to support LA’s bridge home for its homeless, pledging to provide the city $5 million this season.
Jennifer Isacoff, the vice president and director of field applications for park development of the group, says the Lyft partnership will concentrate on advancing those goals. She didn’t mention any particular dollar amount or management as to where the parks would be, simply to say they will maintain regions where the Trust currently has an office.
The Trust for Public Land intends to offer every American with a quality playground using a 10 minutes walk away from where they reside . One in three Americans doesn’t delight in that amount of park accessibility.
Even Lyft itself has pledged to be a”longer multimodal, sustainable transportation company that supports transit equity and safer streets.”
Lyft announced a partnership with The Trust for Public Land, the park nonprofit that made in 1972, this morning. In the works for nearly a year, the new collaboration begins to bring clarity to Lyft’s City Works initiative, a guarantee the company made to invest $50 million or 1 percent of profits, whichever is higher, in transit and infrastructure.
Lyft’s announcement comes following benefits programs have been announced by a number of businesses and transit startups .
The alliance will fund the production of new parks, targeted at areas which are”park-poor” and underserved, part of the Trust’s Parks for People community impact fund. Lilly Shoup, Lyft’s senior manager of partnerships and policy, said the exact locations of these parks will be revealed in the coming weeks. But they will be parks which towns have already approved, with Lyft providing financial muscle.
A partnership with Trust for Public Land is currently Placing the public space in offering
Lyft riders may also decide to donate to the Trust for Public Land within the Round Up & Deliver program.
Shoup couldn’t provide an specific figure for Lyft playground investment, but it is going to come from the yearly City Works budget. She also provided a tenuous link between Lyft transportation function and the playground project.
Lyft’s statement comes on the insides of its recent IPO, in which the newly public company finds its inventory slightly below first offering price, and research showing the increased social cost of ride-hailing providers , including an increase in miles traveled, gasoline consumption, congestion, and crashes.