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News and Updates

Kansas City B-cycle unaffected by bankruptcy filing of The Public Bike Share Company

by Eric Vaughan | Jan 22, 2014

Kansas City B-cycle, Powered by Blue KC is not impacted by the recent bankruptcy filing of PBSC, the Public Bike Share Company. PBSC operates the Bixi bike share systems in Canada and partners with Alta Bike Share to supply and/or operate a few bike share systems in America. Bike Share KC, the local owner and operator of Kansas City B-cycle, is a Missouri nonprofit corporation designated as an IRS 501(c)(3) exempt organization.

Several companies supply equipment and software for bike share systems. Bike Share KC uses the B-cycle platform, which is part of the Trek Bicycle company. Trek is one of the world’s most successful and financially stable bicycle companies. Bike Share KC has no relationship with PBSC, Bixi, or Alta Bike Share, and their bankruptcy filing has no impact in Kansas City.

Bike Share KC is a public/private partnership that enjoys strong support from Kansas City’s corporate, philanthropic, and government sectors. We are thriving and finalizing plans for our Phase 2 expansion that will double the size of the locally owned and operated bike share system.

B-cycle, LLC statement regarding recent PBSC bankruptcy filing

While all of us at B-cycle regret the unfortunate news that PBSC has filed for bankruptcy, we feel it is important to note that this occurrence is not an indication of the future of bike share. B-cycle has implemented successful bike share systems in 30 locations in both North and South America and continues to work with a growing number of cities looking for more sustainable transportation options, most recently installing systems in Santiago, Chile and Austin, Texas. Largely owned by Trek Bicycle, one of the world's most successful bicycle companies, B-cycle is financially stable and operates under a fiscally responsible business model that delivers results for all of our systems. We believe the future of bike share is bright and look forward to bringing sustainable transportation to more of the world for years to come.

 

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