The tangled saga that has engulfed the Ambassador Bridge and the adjacent $230 million Gateway Project got even more tangled today as Canadian government officials confirmed their interest in buying the bridge, North America’s busiest international crossing.
According to Canada’s National Post, Canadian Prime Minister Stephen Harper has instructed his ministers to explore buying the Ambassador Bridge.
But one of those ministers, Foreign Minister Lawrence Cannon, seemed to signal to the newspaper that buying the bridge owned by Matty Maroun is more like a back-up plan.
The government’s first choice would be to pursue development of a new publicly owned bridge, the Detroit River International Crossing, down river from the Ambassador Bridge. But (Cannon) said that deal is complicated by the involvement of state governments in the United States. “No decision has been taken on what specific option to take,” he said.
In the past, the Canadian government was told by Maroun or his company’s associates that the Ambassador Bridge could sell for $3 billion, according to the National Post report. Although it’s unclear if that figure specified American or Canadian dollars. Either way, Canadian officials estimate that that asking price is “about twice” the bridge’s real worth.
Last Friday, Maroun’s Detroit International Bridge Company (DIBC) suffered a major legal loss as a Wayne County Circuit judge found that Maroun had illegally built gas pumps and a duty-free store built on city-owned property as part of the Gateway Project. Other violations of the contract DIBC signed with the Michigan Department of Transportation were also cited in the ruling. According to the Detroit News, Judge Prentice Edwards gave Maroun 21 days to submit a timetable and overseer for the removal of the structures.
No word yet on whether or not Maroun’s firm will appeal the judge’s ruling.