I'm very disappointed with their evaluation of it. There was no consideration to changing Bixi's business model to better fit in with what TTC currently does; just complaints that they do not currently align.
It's true that bicycle share works well with transit, but I don't think the TTC would be the transit company to take Bixi. They would be competing directly with themselves for those short trips which are the most profitable with the flat fare system.
TTC buses are most heavily used within 3km of the subway station. This is their peak point and any trips you can divert off a bus (fairly expensive) onto another mode for busy routes is going to have significant financial benefits.
For example, if you diverted 100 trips/hour off peak-hour buses on Finch West and Finch East within 3km of Finch station, that is 4 fewer buses that are needed during rush hour.
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Rather than a blanket of Bixi stations, set it up as an alternative to the short-trips on busy bus routes where TTC currently struggles to add capacity. Accept transfers and charge a standard fare.
Bicycle share is not competitive for the home-to-transit trip, since people have bikes at home anyway, and homes are highly dispersed in the suburbs. It would be a great challenge to achieve a decent density of stations, and even then few people would use it.
The reason people don't ride to the subway isn't that they don't have bikes, it's that there is no safe and convenient way of riding there or parking. I look forward to seeing how the new Finch West station performs, given its location on the Finch Hydro Corridor bicycle path, and its bicycle parking garage.
I think it makes most sense to restrict Bixi to downtown (and possibly other areas with concentrated destinations). The most potential I see is for people coming into the city on trains (GO, VIA, UP Express).
I therefore think that Bixi is taken over by an agency, it should be Metrolinx. Fare-integrating with such a fast and convenient last-kilometre mode of transportation would make their services far more attractive by reducing total trip times for train users.
In the Netherlands, the national railway system Nederlandse Spoorwegen operates a bicycle-share system called OV-Fiets ("public transit bicycle"), which is great for people arriving into cities without their own personal bicycle. The
Wikipedia article says that there are only 6000 bicycles accross the country, yet there are a million trips a year. It seems that train stations are a highly effective place of storing public bicycles given the number of people arriving there and needing to travel a short additional distance.
A resulting necessary investment would be bicycle routes to and from Union Station and a massive expansion of Bixi capacity at the station. A bidirectional cycle track up the east side of York Street would be a great start.