They sold off their stock and said goodbye to Toronto Island, after 32 summers renting bikes to tourists and families. The Rao family had lost the contract to run Toronto Island Bicycle Rental, but now they have been told they can keep their shop open. A new five-year contract has been negotiated with the current operators, the Rao family and business partner Gordon Chhor. Bike sale cancelledWith the prospect of having to close, the family sold most of their equipment last weekend in order to be out by the April 24 deadline. (Toronto Island Bicycle Rental)The city had said with a new operator it "anticipates a significant increase in revenue to support Toronto Island Park."

Source: CBC News April 13, 2017 15:11 UTC