This is a familiar sounding story. I know other people who've had the same experience - mainly because non-cyclists often have *no idea* how much cycling gear costs. The last person I remember was hit on his carbon fiber Look. The guy who hit him thought it was going to cost him $300 or something like that to replace it, so he agreed to go to the shop and buy a new frame and the cyclist didn't call the cops. The driver skipped when he found out just how much it was going to cost him...
Its good you talked to the police in the first place. Hopefully they'll be able to help you track the guy down. He should pay for all the repairs to your bike and any medical bills you might have. He hit you in a crosswalk! It's hard to get much more wrong than that..



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