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Monday, November 5, 2012

''Michigan Bridge Hangs in the Balance''

From Governing.com

''Earlier this year, Michigan Gov. Rick Snyder and Canadian officials unveiled a long-awaited infrastructure plan that seemed almost too good to be true for Michigan taxpayers: the cost of a new toll bridge between the two entities would be entirely fronted by Canada.

Michigan officials say the proposed $950 million bridge won't cost state taxpayers a dime. Not the structure itself. Not the highway interchanges. Not federal inspection facilities. Not the design, the maintenance, or the operations.

Is Canada being particularly generous? Not exactly. The deal is the result of a conflict between Snyder and his state legislature, which has previously been unwilling to fund the project. Canada is betting that the bridge will be such a good investment that it’s willing to front the money.''

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