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Toronto turns management of Bixi over to Portland firm

Bixi Toronto will be administratively under the Toronto Parking Authority, but managed by Portland’s Alta Bicycle Share.

Toronto’s plan to save Bixi transfers the bike-sharing program to the Toronto Parking Authority, turns over management to a Portland-based firm  and uses money from Astral Media that was going to be spent on public toilets, the National Post has learned.

The deal, approved at a closed-door meeting of city council 10 days ago, will also see Toronto “eat” the $3.9-million in loan guarantees that the city gave to Bixi, owned by the City of Montreal, according to a source.

Full story: Toronto to eat $3.9-million loan to Bixi, turn management of troubled bike program over to Portland-based firm | National Post.

(if you hit the Post’s paywall, you need to learn about incognito browsing)

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