Anyone with Security torx bits can easily remove the lock/gps from the back wheel, and turn an un-ridable trash bike, into a free bike for a person in need of transportation.
I'd encourage everyone to get a set and start freeing as many bikes as you can find before the city sanitation services takes them all to the dump. I really doubt Spin is going to come pick them up.
I was last in that dorm 4 years ago, but they open about 6 inches max unless they changed that since then.
The little pieces of metal that keep it from opening any higher are easily removed if you have security torx bits.
Those look like Torx Security bits. They're regular torx bits with a divot in the center of the bit. You can find them at a lot of places, but they'll look like this: https://www.amazon.com/Torx-Driver-Security-T-10-T-40/dp/B0002SPLQ8
I've had this happen twice and here's a video on how to fix it.
Basically what happens is the system gets hot and the solder that holds the CPU and GPU to the motherboard starts to melt.
You need a heat gun, some thermal paste, a torx security screw driver set (see /u/Kryptik's comment about this here) , and a regular screw driver set to fix it.
You dismantle the system down to the motherboard, and use the heat gun to melt the chips back onto the motherboard.
I did this once successfully and the system worked for about two months before it had the YLOD again. I tried a second time and it didn't work, although I think it was because I didn't let the solder cool back down before putting the console back together.
Edit: /u/Kryptik had a great suggestion on how to bypass the security screw on the system. You can see it here.