Monday, May 17, 2010

Toronto approves bicycle sharing plan - Yahoo! Canada News

"TORONTO (CBC) - Toronto city council has voted to guarantee a $4.8 million startup loan for a bike rental company, if the firm can first generate 1,000 subscribers and private sponsorship support.

'I'm predicting this is going to be very, very successful,' said Toronto city councillor Glenn De Baeremaeker, who pushed hard for the bike-sharing service"

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