BIXI still losing money
2012 is shaping up to be yet another money-losing year for the Bixi bike rental system.
A report quotes the company that manages the Bixi system as saying it's looking at another loss of $2.8 Million this year.
At the beginning of the season, it had been forecasting a profit of $11 Million.
BIXI got a $108 Million grant last year from the city of Montreal.