Mayor confident Bixi will rebound

The mayor thinks bixi bike will see better days.

Mayor Gerald Tremblay feels the bike loan company’s shortfalls are the fault of the Quebec’s previous liberal government.

The Liberals under Jean Charest opposed the having the city underwrite the company’s international expansion to cities like London, New York and Melbourne.

Bixi is looking at a 2.8 million dollar loss in 2012

Bixi’s financial woes include a sixty million dollar loss of a credit facility.

Bixi also saw an eight month delay in deploying bikes to New York.

Tremblay hopes to find a corporate partner for Bixi so it does not have to rely on the city.

He also wouldn’t mind the thirty seven million dollar loan back that Montreal council approved last year.