11/24/2014 01:51 EST | Updated 01/24/2015 05:59 EST

Bixi bike share back for 5 more years

Montreal’s Bixi bike sharing program has been saved for five more years.

Mayor Denis Coderre announced today that the financially troubled program will return.

“Montrealers can take a fair bit of credit for the success of this rescue operation,” Coderre said. “I said ‘show me your love [for Bixi].’ If Bixi were in better shape, we would have had a lot more people sign up.”

Yesterday, the not-for-profit board that runsBixi recommended bringing back the popular service in 2015 and unveiled its five-year plan to keep it afloat.

"Last March, we promised Montrealers efficient, transparent asset management and balanced operations," Coderre said at a news conference at city hall. "Bixi Montreal reports show the goods they delivered are up to our expectations."

More to come.