Mayor thinks we should give up on the bike-sharing program.
“It should be dissolved. It’s a failure.”
—Toronto mayor Rob Ford speaking to reporters today about the future of bike-sharing program Bixi, which is facing an operating shortfall. Bixi opened in Toronto with some help from the municipal government, which guaranteed the company’s loan. On advice from staff, city council may soon look at renegotiating the terms of that loan in light of Bixi’s financial woes. As a result, several councillors are floating ideas for completely overhauling how Bixi would work: Kristyn Wong-Tam (Ward 27, Toronto Centre-Rosedale) wants to work with developers to create incentives for installing new bike stations, and TTC chair Karen Stintz (Ward 16, Eglinton-Lawrence) wants to investigate making Bixi part of the TTC.