Originally Posted by
Richard
Who are the taxpaying American construction workers?
The contracts are held by Canadian companies.
The projected costs have gone up from 2.4 billion to 4.8 billion due to the low Canadian loony,when it is completed and the hand over clock starts ticking what determines Michigan’s tab and at who’s exchange rate.
One company had pulled out due to Canada’s misgivings because they were tied to the Chinese.But they are still listed as a contractor under Bridging North America,and they still have some unresolved fraud cases overseas.
Remember in the event of fraud,the contract becomes null and void.
City of Detroit permanently lost a tax base and federal road funding is guaranteed to the bridge company until Michigan pays off thier half 50 years down the road.
The traffic will be bypassed highway,so what residual trickle down benefits the city that gave up thier tax base?
Okay,a nice pretty new bridge,but it’s intent was never to benefit COD.
Over 30% of the projected revenue was based on truck traffic,so what are the projections now that the plants have closed and the manufacturing aspect no longer needs to be running parts to build cars to ship back over?
It still boils back down to if projections are not met,who covers the operating loss? It’s a 4.8 billion dollar speculative venture that if it goes south it’s going to tax an already stretched and taxed population.