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.
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