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They didn't take control of it, they raised the money and built it because the government didn't want to fund it. > However neither Ontario nor Michigan wanted
by fallingknife 3y ago
They didn't take control of it, they raised the money and built it because the government didn't want to fund it.
> However neither Ontario nor Michigan wanted to finance a river crossing. Michigan automakers subsequently decided to take the initiative to connect the Midwest to central Canada. After they created a bridge company, the project got into trouble when a Toronto financier hired to sell its securities instead embezzled the money and ran off, before ultimately committing suicide in a prison cell after conviction for murdering a drugstore clerk. The bridge boosters turned to New Yorker Joseph A. Bower, a businessman who specialized in rescuing mismanaged companies. Bower succeeded in raising the necessary initial $12 million. "The only way things can be done today, is by private business," said Henry Ford, who backed the project.[15] The bridge was constructed with investment from Detroit business people incorporated as the Detroit International Bridge Corporation.
https://en.wikipedia.org/wiki/Ambassador_Bridge https://en.wikipedia.org/wiki/Ambassador_Bridge