This is not a new funding announcement, as the press release notes the city and feds are merely “jointly reiterated their commitment to expand Toronto's Bike Share system.”
Don't underestimate short-distance biking. As someone who regularly bikes between Eglinton and St Clair, I would gladly keep my personal bike at home if I had ubiquitous access to bixi. One day, Eglinton Connects will bring a strong cycling network along the entire corridor.I'm finding expansion to suburbs/north york a bit crazy given that very very few people can climb up the hill to uptown on these bikes. I guess they (plan to?) have a system to actively transport and redistribute bikes back up north.
I could probably get from Yonge/Eglinton to Yonge/Sheppard in under 30 mins on a Bike Share, but wouldn't want to try conquering the York Mills hill on one of those heavy bikes.