First, housekeeping. After my last entry I managed to stay up for about 30 minutes, then slept for almost 7 hours. If you do the math you see that means I was up before 3am. So, even thought it's 1pm on Thanksgiving back home, I did some client work to clear it off my agenda for the rest of the week.
Now the point of this post:
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.
The city is negotiating with Portland-based Alta Bike Share, which manages Chicago's Divvy program, among others.