What the future might hold...
Montreal’s Bixi pedals hard for more funds from the city
In two short years, Montreal’s shared bicycle, the Bixi, has risen to iconic status – a trendy symbol of a downtown taste for common experience and carefree two-wheeled commuting.
In the space of a week, it has become a symbol of something even more familiar to Montrealers: a nice idea buried in debt.
Bixi bike share launches in Toronto The not-for-profit, city-owned corporation that developed the Bixi bike system went cap-in-hand to city hall on Tuesday, getting approval for $108-million in loans and guarantees.
City backing for about $71-million in future financing will bolster ambitious plans to sell thousands of the bikes to cities such as Vancouver and New York, all in the hope profits will cover Montreal’s annual $7-million Bixi deficit and eventually pay back a $37-million loan.
Bumpy first ride for Bixi bike program in Toronto
Bixi bike sharing program begins
No comments:
Post a Comment