Posted on August 29th, 2016 at 5:09 pm.
The creatively painted Citybikes Annex on Ankeny and 7th is closing its doors.
In another sign of a changing Portland, Citybikes is closing the doors of its flagship sales location and consolidating its business.
The shop has been run as a worker-owned cooperative since 1990. It expanded from its original repair shop location on Southeast Ankeny near 20th to a second location, the 5,000 square-foot “Annex”, on the corner of SE Ankeny and 7th in 1995. Because of dwindling sales, the Annex will close for good by the end of this year.
“The main factor,” said Citybikes owner Ryan Smith in a phone interview last week, “Is that people who used to come here, don’t live in Portland anymore.” Smith is one of nine current owners of the shop and he expects that the total number of worker-owners will be reduced to just five once the transition is complete. Citybikes used to have as many as 25 owners in peak season.