The manipulative dishonesty of labelling things "Pilot" programs is accurate, certainly, and that condescending, untruthful approach to public policy decisions shows a fundamental disrespect for other citizens, and for democracy.  It is what gets people like our unlamented former mayor, former prime minister, and a certain orange clown elected.
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However, having said that,

... the idea that businesses along Bloor suffer from the bike lanes is nonsense.  In every urban center in Europe, every study of the flow of walk-in traffic to businesses along streets with bike ways always increases, and not by a small amount.
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Putting the bike lanes along Bloor is a huge gift to every business and every property owner on the street, and raises the value of all adjacent residential property.
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If it were done along Queen and King, from Parliament to Dufferin, all sorts of failing businesses would suddenly find themselves sitting on gold mines.