Fear for your lives next summer

The Cycle Hire scheme is very well-managed, backed by solid funding, moving ahead well on schedule, and will be a success. All of the worries expressed in this thread have been considered and addressed--e.g., the cost of vandalism is factored into the scheme's running costs, etc. There is now a considerable amount of experience, from Paris and dozens of other cities, of the impact of such schemes, and nothing about it is a novelty.

Really?

So no LBS's will close as a result in the loss of business that comes about as people choose to rent bikes rather than pay of maintain their own ones?

How's that working?