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Bixi in bankruptcy but Bixi Toronto is safe

The good news is that Toronto’s Bixi system will probably be fine. City hall saw this coming months in advance and laid the groundwork for a takeover. The plan is to transfer responsibility for Bixi Toronto to the Toronto Parking Authority, and use money scrounged from the city’s street-furniture budget to keep the system going until a new private operator can be found.

More: Bixi has filed for bankruptcy but Toronto’s bike stations should be fine | torontolife.com.