Citing a lack of “financial sustainability” and “not part of our core business”, the TTC is not going to take over Bixi.
I’ll pause here so you can go back and re-read that sentence.
Read it? Good. Not financially sustainable? That’s the entire mantra of the TTC! Hundreds of millions of dollars flow into the TTC EVERY year to support public transit in Toronto. EVERY year there is an operating loss. They are worried about a loan debt of a measly 4 million dollars? Kettle, meet Pot.
Also, “not part of our core business”??? The business of Bixi provides a way for people to get around Toronto. I thought that was the business of the TTC. Maybe it’s something else?
Bixi moves people around downtown cheaply, easily and quickly. That SHOULD be the TTC’s core business, but it’s neither cheap nor easy nor quick.
Rant done. I am actually happy that the TTC isn’t taking over Bixi, as they would run it into the ground, but the reasons they give are laughable.
Bixi Toronto, the bikeshare program floundering under a city loan debt, will most likely not be rescued by the Toronto Transit Commission.
A staff report to be brought forth at the commission’s meeting on Wednesday recommends the TTC not integrate Bixi into its services.
“BIXI is a bike-sharing program which is not part of the TTC’s core business of providing mass transit and would constitute a distraction from the TTC’s already-challenging mandate,” the report reads, while also highlighting Bixi’s financial difficulties, calling the program “not financially sustainable.”
Full story: TTC will not step in to save struggling Bixi bikeshare program – The Globe and Mail. (note: the Globe has a paywall – they’ll let you see a few articles for free. When I see this story on another site, will re-blog it.)