U.S. transport tycoon who owns Ambassador Bridge in Windsor says Canada is taking advantage of cash-strapped Michigan
Ottawa wants to lend $550-million (U.S.) to Michigan as the Canadian government seeks support for building a new bridge along the continent’s busiest commercial corridor, offering to help bail out a state ravaged by the auto sector’s slump.
Federal Transport Minister John Baird said Thursday that Ottawa is extending a lifeline to Michigan to jump-start the $5.3-billion megaproject called the Detroit River International Crossing, or DRIC.
But Patrick Moran, corporate counsel for Manuel (Matty) Moroun, the 82-year-old transport tycoon who owns the Ambassador Bridge that spans the Detroit River, said Canada is taking advantage of cash-strapped Michigan’s dire financial straits.
“Our state doesn’t have two nickels to rub together and we have crumbling roads all over, and yet our state is getting involved in building a new bridge,” Mr. Moran said in an interview. “Michigan is hard up for cash.”
http://www.theglobeandmail.com/report-on-business/ottawas-550-million-loan-offer-for-new-bridge-launches-war-of-words-in-michigan/article1551117/