Toronto bike share gets green light

Toronto's bike-sharing program is officially a go after it signed up its 1,000th member Monday.

The city wantedthis show of commitment before moving the bicycle taxi program known as Bixi Toronto moved forward.

When the program launches in May 2011, bikes will be available from 80 locations south of BloorStreet between Spadina Avenue and Jarvis Street.

A resident or visitor will be able to use one of the bikes for a fee of $78 a year, $28 per month or $5 per day.

City hallset a deadline of Nov. 30 to collect 1,000 membership pledges.

Toronto will guarantee a $4.8-million startup loan for Bixi and has to dig up $600,000 in sponsorship deals. Butthe cityis not directly funding the program.

The Public Bike System Company runs a similar Bixi program in Montreal, whichhas about 5,000 bikes parked at about 400 stations across the city.

Similarprograms operate in some European cities, including Paris and Barcelona, where people can pick up a bike, cycle, then drop it off at another bike station.