Company That Supplies Chicago's Bike-Sharing Program Files For Bankruptcy: Report
(CBS) – The future of Chicago's highly publicized Divvy bike-sharing program could be in question.
The Chicago Sun-Times reports the company that supplies the distinctive blue bicycles, stations and other components filed for bankruptcy Monday.
Public Bike System Co.'s plan to seek federal protection was announced Monday by the mayor of Montreal, whose city bailed out the company three years ago to the tune of $108 million, according to the Sun-Times article, which cites Canadian news sources.
The news casts a shadow on the city of Chicago's plans to widely expand Divvy here, the Sun-Times reports.
Seventy-five stations planned for next year would have made Chicago's bike sharing program the largest in North America — bigger than New York and Montreal, the Sun-Times reports.
The Chicago Department of Transportation says the city's Divvy program won't be affected.
"Divvy, Chicago's bike-share system, continues to operate as normal," a spokesman said in a written statement.
