Vancouver finally unveiled its long anticipated bike sharing program, in the works for over seven years. The radical pro-cycling agenda of the Mayor and Vision Vancouver was not going to be deterred even if similar programs in other cities have failed.
Despite hiring a 3rd party private business Mobi to implement and run the program, the city will still be funding it to the tune of $5M of taxpayer money for the first five years.
The much maligned project hit a major roadblock in 2012 when the first company they chose, Bixi, and their contracted supplier, Alta, ran into problems. In 2014 the program lost $1.5M in Montreal and the city eventually had to take over costing taxpayers even more.
And Montreal isn't the only example of a failed bike sharing program in a major city.
Watch as I share what I learned upon my investigation into the successes, or should I say failures, of bike share programs in other cities.
I know Vancouver is different and we have many people living in our downtown core but if there any consistent evidence out there about bike sharing programs, its that they end up costing the taxpayer far more than we were promised and in conclusion, it looks like people in Vancouver may be stuck with a bill rather than a bike.