
The moon rises behind the skyline of Toronto, Canada on November 25th 2015. Credit: Reuters /Mark Blinch
The moon rises behind the skyline of Toronto, Canada on November 25th 2015. Credit: Reuters /Mark Blinch
Help me understand the Bixi Toronto service model. This isn’t meant as a criticism of bike sharing; I like the idea, and am happy to subsidize it. I’m just annoyed with what seems to be the opaque way that it’s funded. Let me see if I have this right:
According to PBSC’s website the system should be self sustaining; I would color that slightly and say “self-sustaining with a subsidized interest rate from the municipality,” but whatever.
That said, how much is Bixi Toronto paying PBSC? In what ways? And what’s PBSC’s overhead?