Yay! The official City of Toronto press release about the saving (and future expansion) of Bixi (or whatever it will be called going forward).
“We are pleased to announce that the City of Toronto will be keeping the bike share program operating for our customers,” said Councillor Denzil Minnan-Wong, chair of the City’s Public works and Infrastructure Committee. “In less than three years, the bike share program has proven to very successful and has become an important part of Toronto’s transportation system with more than 4,400 paid subscribers and more than 1.8 million trips taken during this time. The City’s actions will preserve bike share for Toronto, place the system on firm financial footing and provide it with a solid business plan under the management of the Toronto Parking Authority (TPA).”