Probably not. But Bixi, who manufacture the bikes and stations used here in Chicago, has cash-flow problems:
Montréal’s own Bixi bike-share, the inaugural PBSC venture launched in 2009, was the largest system in North America until Citi Bike launched in New York this summer. (Technically, PBSC is the parent entity and Bixi refers to the bike-systems in Montréal and other cities where PBSC runs operations, although in practice the two names are often used interchangeably.) But according to a letter filed last month by Montréal’s auditor general, the company’s finances are in disarray – the latest chapter in a series of money woes that have plagued PBSC and Bixi, which was founded in 2007 by the City of Montréal's parking authority for the purpose of creating a bike-share system for Montréal and is still under the city's administration.
According to numbers released late last month by the City of Montréal, the company is $42 million in debt, with a $6.5 million deficit and $5 million in outstanding payments.
Will PBSC’s ongoing cash-flow problems affect system users in the multiple U.S. cities that use its bikes and docking stations? Mia Birk, vice president of Alta Bicycle Share, insists that the answer is no. Alta is the exclusive operator of Bixi systems in the United States, managing in a total of eight U.S. programs as well as the one in Melbourne, Australia, and acting as the contractor between municipal departments of transportation and PBSC.
Divvy is getting a huge amount of use. I'm interested what will happen in the winter, but regardless, I think the bike-sharing service is popular enough that the Chicago Transportation Dept. would step in if something happened to Bixi.
I hope so, anyway.