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Canada to split bridge profits with U.S. fund for 15 years under deal
Canadian Prime Minister Mark Carney said the deal struck to finally open the Gordie Howe International Bridge over the Detroit River includes an agreement to split the net profits from the span's toll revenue with the United States for 15 years, though he suggested profits in that timeframe will be minimal.
Carney told CTV Calgary on Sunday that the split of the profits for the U.S. will be placed in a fund that will be used for economic development efforts on the U.S. side of the Detroit-Windsor region.
The split of net revenue between Canada and the U.S. economic development fund will be 50-50, according to two sources familiar with the cross-border talks but not authorized to speak publicly. It's unclear what entity will govern the economic development fund.detroitnews.com - Gordie howe bridge opening update trump carneyThe US Federal government, and, particularly, Trump, had nothing to do with the construction of that bridge. But Trump can obstruct it's operation, unless he is paid what he wants. Why 15 years? I expect it's because Trump is 80, so figured the chances of him living beyond 95 are pretty slim. I'm sure he would demand the "deal" be renegotiated, if he's still kicking by then. This, of course, also requires him to be "President For Life", as he certainly doesn't want a nickel goes to anyone but himself. Wonder where he will stash the bridge and Hormuz "toll" loot? Probably in the same account in Qatar where he stashes the Venezuelan oil revenue.
Just another day, of living with an extortionist.
Steve
