Item - 2022.PA32.3

The Board of Directors, Toronto Parking Authority:

1.  Approved the Four-Year Bike Share Toronto Growth Plan (2022 - 2025), as outlined in the Bike Share Toronto Four-Year Growth Plan (2022- 2025) report, dated September 23, 2022 from the President, Toronto Parking Authority.

Justin Hanna, Director, Bike Share, Toronto Parking Authority, gave a presentation to the Board.

Bike Share Toronto is a sustainable, healthy, and affordable mobility program that is an integral component of Toronto’s transportation network. Designed to improve mobility options for Torontonians, the program has seen tremendous success and growth in the first half of 2022, including record ridership, growth in annual memberships, an increased deployment of e-bikes, and marked progress towards securing a strategic sponsor.   

As North America's 4th largest bike share system in size, it is projected to reach 4.3 million rides by the end of 2022, a 23 percent increase in ridership versus 2021. The program also continues to enjoy broad support amongst its customers with a 92 percent overall satisfaction rating reported in the summer of 2022.

Toronto Parking Authority aspires to make Bike Share Toronto the best bike sharing system in the world. As outlined in Toronto Parking Authority's 2022 Operating Plan, accelerating bike share's growth is a key strategic priority and a central component in Toronto Parking Authority's transformation into a mobility services provider.

As the City of Toronto continues to invest in cycling infrastructure to support its goals of having trips under 5 kilometres (km) completed by cycling, walking or transit, there is an opportunity for Bike Share Toronto to accelerate the conversion of short-distance and first/last mile trips, which will continue to support Toronto Parking Authority's strategic priorities and growth agenda.

This report provides an overview of the Four-Year Growth Plan, including the study methodology, the results of stakeholder and public consultation, the recommended plan and details about how the plan will be implemented through 2025. This report will be supported by a presentation by Management on the contents of this report and the Four-Year Growth Plan.