Quote:
Originally Posted by The Brickie
My heart skipped a beat when I read this post.
It's typical shortsighted economic planning by the state. Canadia is fronting us the money then they get the $$ from the tolls they'll get all their investment back and much much more over the life of the bridge.
A similar thing happened in the 80's. The state owned and built the bridge which was a net generator of revenue. Then they ran into financial trouble and sold it in a hurry to private interests. The investor who bought it Manuel Moroun has become a BILLIONAIRE from that investment in the subsequent decades.
Now there's a 3 way tug of war between Detroit/Windsor and the Moroun Family about building a 2nd bridge and where it should go and who should pay for it. The Moroun's don't want another bridge because it will kill their monopoly. Michigan says they're broke and refuses to build roads leading to the new proposed site for the bridge. So Canada is giving us the money UNDER THE CONDITION that they get to profit on the tolls.
And it looks like that's that, the state is going to miss out on a **** ton of revenue. It's all going to go to private interests or Canada ffs. It's no wonder Michigan is a joke.