So the Post reports.
College Park and the university said in October they were negotiating a one-year contract with Alta Bicycle Share, the company that runs Capital Bikeshare, to install bike stations, supply bicycles and operate the system. The plan was to have Capital Bikeshare running by Feb. 1.
Terry A. Schum, director of planning for College Park, said the city was very close to signing the agreement with Alta, but it is now on hold due to Public Bike System Co.’sfiling for bankruptcy protection last month. Public Bike System is one of Alta’s main equipment and technology suppliers.