Yes it is true and this is a picture of it! I ride this way every work day and it is used for a taxi stand
This loop around town is 3 blocks long and the lane stays the same width up to the stop. The bike lane keeps going past that point and over the bridge. I can take more pictures on my way home from work if you need. The whole thing is less than 1/4 mile long. If they invested millions into a taxi stand that runs for 3 blocks than i am stunned!