News / Toronto

Toronto Island bike sale cancelled as new bidder backs out

A liquidation sale set for April 14-16 has been called off — but not before many bikes were already sold.

Priya Rao and her parents, Vimla and Hari, have been running the Toronto Island Bicycle Rental for 32 years after her parents took it over from another family.

Handout

Priya Rao and her parents, Vimla and Hari, have been running the Toronto Island Bicycle Rental for 32 years after her parents took it over from another family.

The liquidation of the Toronto Islands iconic quad bikes has been called off.

The family that operated the rental stand for 32 years, and first brought the bikes to the island, will be running the operation this summer after all.

The Rao family and their business partner Gordon Chhor were expecting to run the rental stand for another summer up until last week when they got word from the city that they were outbid for the contract this round.

But they announced on Wednesday that the new bidder had withdrawn from the process and the city was recommending their bid.

“We are overjoyed with this turn of events and extend our sincere gratitude for all the kind words and lovely memories you have shared with us,” wrote Priya Rao on Facebook.

"It is with sheer happiness that we say we look forward to seeing you on the Island!”

There is one snag: they had already started selling off their stock. The fleet is down to a handful of quads, Rao told Metro.

They still plan to open for May 1 with a full fleet of singles and tandems, but Rao admits it may take a few weeks to rebuild their stock of two- and four-seater quads.

They are offering full refunds to anyone who wants to return a recenty-purchased bike.

“We’re just on the ride right now and trying to deal with every situation as it comes," she said.

More on Metronews.ca