“Canada and the state of Michigan are 50/50 owners of the new bridge,” Snyder wrote. “Canada was wonderful and financed the entire bridge. They will get repaid with interest from the tolls. Michigan and the United States got their half-ownership with no investment.”
@DeWayfarer Well the bridge is open anyways so oh well lol. I hope Canada gets its money back through the tolls and I hope trump be looking at this news and grows red in the face from it lol
What really happened was that Canada paid for the bridge with Canadian taxpayer dollars. The US invested no money up front.
The deal that was made between Canada and the State of Michigan was that Canada would pay for the bridge and American workers would be used to assemble the bridge, in addition to Canada using US-made steel to make the bridge.
A toll will be charged on all traffic from Canada to Detroit and from Detroit to Canada, where all tolls collected will go directly to the Canadian government until such time as Canada is completely reimbursed for their cash investment to fund the construction of the bridge.
After Canada has been totally repaid for the bridge using tolls collected and not taxpayer dollars, at that point the tolls collected will be split 50/50 between Canada and the State of Michigan indefinitely. 🇨🇦
