wopchop
Building Toronto
Right?Now I am confused as well.
In any case, it seems pretty clear to me that the company needed to expand in order to generate enough ridership to be viable. Unfortunately, they were unable to expand because they didn't have the capital to do so (it seems like they thought that the City of Toronto might pay, as other cities had done), and what little revenue that they were taking was just barely covering their operating expenses, and doing nothing for the debt.
I'm trying to understand how the current Bike Share is structured, but am failing. It sounds to me like they've adopted it as a public service, with a private operator. They've made comments about the system being "self supporting", and that growth will come as the system can afford it. If the current system isn't making any money, then how can this ever happen? So what does that mean? And now they need to invest a lot more money into new infrastructure before expansion, which doesn't give me much hope of seeing expansion anytime soon.
Hopefully they view this more as public transit, and realize that investment in cycling infrastructure is a great low-cost way to service ridership demand.
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