With no US government or private funding available, the Canadian government has announced it will pony up the remaining funds for a new toll bridge connecting their country with Detroit, which they see as a jobs creator.
The Canadian investment isn't altogether altruistic- the funds come with the promise that Canada will get paid back out of bridge tolls.
But opponents of the project say there isn't enough traffic to warrant the new bridge and that the projected revenue is optimistic. Peter Samuel of TollRoadsNews looked at the construction company bids on the project:
"The respondents strongly favor an availability payments model, whereby they get paid for providing the bridge and operating it, regardless of toll revenues. This means the major business risk is carried by the governments, not the investors.
The unwillingness of responders to take any risk on toll revenues suggests they are highly skeptical about it as a self-financing project."
FULL STORY: Canadian Gov commits $550m loan to help Michigan cover costs of new Detroit River toll bridge
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
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City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
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