Actually not conflating terms,just clarification.
To be clear
Michigan central railway tunnel is owned by a private Canadian entity.
The Detroit Windsor tunnel is owned by a private Canadian entity.
The Blue water bridge is 50% owned by a private Canadian company
The current proposed bridge will be 50% owned by a private Canadian entity.
The ambassador bridge is owned by a privately owned United States entity.
So for the argument that no international border crossing should be owned privately,guess what,they all are.
So,let’s go back to the blue water bridge,50% US 50% Privately owned Canadian entity.
Here is the seniario.
Michigan wants to sell its half of the bridge.
During the bankruptcy city real estate was sold to companies by use of offshore accounts so the owners and price sold would remain hidden.
A private Canadian entity purchases the remaining 50% from the state of Michigan of the blue water bridge via offshore accounts.
Which then puts private Canadian companies in control of all points of entry,with the exception of the Ambassador Bridge.
So what is the wisest thing for them to do?
Do what ever is necessary in order to shut the Ambassador bridge down because they are the only competition or rate stop gap left.
With the ambassador out of they way they can set border crossing rates as a group.
The smartest way to do that is double the rate.
Commercial traffic does not matter because the added rate cost just gets passed on to the end consumer.
Say for instance the rate is $5 and they double it to $10 even if they lose 50% of the customers they are still making the same amount of money.
Where they are saving millions is on the repair and maintenance side,less wear and tear adds to the lifespan and to the lifespan of the potential borrowing power.
To me the nice pretty things being offered,is the kiss before the screw,it’s not a charity,it is buisness and buisness is going to do what they do,maximize profits above anything else.
Bookmarks