Transportation
Despite Financial Concerns, Cities Are Doubling Down on Bike-Share
Revised funding models may eventually be needed, but there's little sign of a lack of commitment in places like Toronto and New York.
Ongoing financial problems at PBSC (also known as Bixi), the Montréal-based bike-share equipment company, continue to ripple across North America. But even so, the continuing popularity of bike-share with the public is leading cities with PBSC contracts to call for expansion of their systems.
The hope among supporters in places including Toronto and New York is that with revised business models, bike-share can solidify its position as an integral element of the urban transportation menu.