If you work in the development industry in Toronto, then you know, or know of, Norm Li. He runs one of the top visual content studios in the city and the country. But he (and the company) also do a bunch of other things like DJ at industry events and fly around in a helicopter taking incredible photos of the city from above. He invited me to join him in 2018 and I captured photos like these.
This past week he sent me a text with the below photos of Junction House and a message saying, "new lock screen." I, of course, immediately blasted them around to the team and then asked if I could post them online. I love how these turned out. And every time I see our placemaking sign, I am happy that we fought for what we all believed would end up looking pretty cool.
Thanks for the photos, Norm.
So apparently Lyft is the largest bikeshare operator in North America. They operate around 68,000 bikes and scooters, which equaled some 52 million rides last year. Ridership also continues to grow. Since 2020, ridership has grown in cities like New York (+56%), Chicago (+79%), Boston (82%), and Denver (+170%).
However, this part of Lyft's business was in the news this week because the company announced that they are entertaining proposals to sell it, as well as "strategic partnerships." The company has said that it remains committed to offering bikes through the Lyft app, but clearly it is trying to shore up its balance sheet.
This raises some interesting questions. Can bikeshare be a profitable and sustainable for-profit business? Or do we now need to be thinking of it as an important public service that is deserving of subsidies -- similar to how public transit and cars/roads work in most cities? My own view is that these networks are here to stay regardless of how profitable or unprofitable they might be.
For additional stats on Lyft's bikeshare business, click here. One of the figures that I found interesting, but not surprising, was that 71% of riders use bikeshare for "fun." This is by far the most popular use case. The next most popular use is "errands" at 39%.
If you work in the development industry in Toronto, then you know, or know of, Norm Li. He runs one of the top visual content studios in the city and the country. But he (and the company) also do a bunch of other things like DJ at industry events and fly around in a helicopter taking incredible photos of the city from above. He invited me to join him in 2018 and I captured photos like these.
This past week he sent me a text with the below photos of Junction House and a message saying, "new lock screen." I, of course, immediately blasted them around to the team and then asked if I could post them online. I love how these turned out. And every time I see our placemaking sign, I am happy that we fought for what we all believed would end up looking pretty cool.
Thanks for the photos, Norm.
So apparently Lyft is the largest bikeshare operator in North America. They operate around 68,000 bikes and scooters, which equaled some 52 million rides last year. Ridership also continues to grow. Since 2020, ridership has grown in cities like New York (+56%), Chicago (+79%), Boston (82%), and Denver (+170%).
However, this part of Lyft's business was in the news this week because the company announced that they are entertaining proposals to sell it, as well as "strategic partnerships." The company has said that it remains committed to offering bikes through the Lyft app, but clearly it is trying to shore up its balance sheet.
This raises some interesting questions. Can bikeshare be a profitable and sustainable for-profit business? Or do we now need to be thinking of it as an important public service that is deserving of subsidies -- similar to how public transit and cars/roads work in most cities? My own view is that these networks are here to stay regardless of how profitable or unprofitable they might be.
For additional stats on Lyft's bikeshare business, click here. One of the figures that I found interesting, but not surprising, was that 71% of riders use bikeshare for "fun." This is by far the most popular use case. The next most popular use is "errands" at 39%.
On most days, I walk to the office. That is going to be changing later this summer, but what I'm about to say will still apply.
Because I walk more often than I drive, whenever I have to go somewhere that necessitates a car and that obligates me to leave during the evening rush, the first thing I usually think to myself is "shit, it's going to really suck getting out of downtown."
I have very little patience when it comes to sitting in traffic. So when I'm faced with this kind of situation, my mind immediately goes to: "okay Brandon, what are your other options here?"
And this is exactly what happened this past Friday. I had a dinner up in Vaughan after work and I opted to take the subway to VMC station (the northern terminus of one of Toronto's lines).
It was actually my first time riding this new line extension and it was cool to see the area around the station. It's not yet a 15-minute community, but I believe it can get there with some narrow streets and the right kind of ground floors.
The entire trip took about 45 minutes, and I can tell you that on more than one occasion I thought to myself, "this is way better than sitting in traffic."
On most days, I walk to the office. That is going to be changing later this summer, but what I'm about to say will still apply.
Because I walk more often than I drive, whenever I have to go somewhere that necessitates a car and that obligates me to leave during the evening rush, the first thing I usually think to myself is "shit, it's going to really suck getting out of downtown."
I have very little patience when it comes to sitting in traffic. So when I'm faced with this kind of situation, my mind immediately goes to: "okay Brandon, what are your other options here?"
And this is exactly what happened this past Friday. I had a dinner up in Vaughan after work and I opted to take the subway to VMC station (the northern terminus of one of Toronto's lines).
It was actually my first time riding this new line extension and it was cool to see the area around the station. It's not yet a 15-minute community, but I believe it can get there with some narrow streets and the right kind of ground floors.
The entire trip took about 45 minutes, and I can tell you that on more than one occasion I thought to myself, "this is way better than sitting in traffic."
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