Councillors want more info from Bixi before vote for $360,000 in funds

Some city councillors are reportedly demanding more financial information from Bixi before it votes to approve an additional $360,000 in funding for the strugging bike-sharing service.

The Montreal Gazette reports Snowdon councillor Marvin Rotrand and other councillors are expressing concern following "disquieting rumours" that the service has suffered a significant drop in ridership this year, but there will be no detailed report available to city hall until September.

A city-controlled company was created to take over Bixi after Système de vélo en libre-service, its prior owners, amassed a debt of almost $50 million and filed for bankruptcy protection in January.

"Before we took over at City Hall, we were given a financial portrait of SVLS," Montreal Mayor Denis Coderre said in January. "The picture was grim, to say the least."

City hall approved a $5-million budget to help the company survive 2014, according to the Gazette, and gave the service a $165,000 subsidy as well as a $460,000 short-term loan that Bixi has yet to pay back.

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  1. Manoli posted on 08/13/2014 05:02 AM
    Enough is enough. One day they will forensically go through this company and find the usual diversion of funds, etc - a la Montreal style ! It was a money losing venture from the start but our head-in-the-sand Mayor Tremblay at the time thought everything will work itself out just like in all fairy tales. Stop pouring money down the drain and the new mayor should grow a pair and shelve it. And by the way, if you really want to bike you'll dip your alligator arms into your pockets and buy one new or used.
  2. Norman posted on 08/13/2014 06:17 AM
    The city should not be in the business of running a business. They have a hard enough job with running the city.
  3. LMAO posted on 08/13/2014 08:13 AM
    A city-controlled company was created to take over Bixi!!!!!!!!!!!!

    There's your clue. Even starting from scratch they can't get past one year without being in debt and can't supply any financial reports????????????.
  4. More BS posted on 08/13/2014 08:24 AM
    The PQ passed a right to die law. Time to use it on this BIXI crap.
  5. Brad posted on 08/13/2014 02:13 PM
    The Bixi experiment is over. I see them all over the city filled with unused bikes taking up valuable parking spaces. Why should taxpayers continue to subsidize this when it's not working? Mr. Coderre needs to just cease funding the business and if they can't balance their books, then goodbye.
  6. Vacationing in RI posted on 08/16/2014 04:35 PM
    It is nice to see Marvin Rotrand asking questions of BIXI while the number of people earning over $100,000/yr has sky rocketed at the STM of which he is high up on the executive.
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