The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Moroun, the Tycoon, Loses His Bridge Proposition

Nov 12, 2012

Detroit billionaire “Matty” Moroun’s companies laid out a whopping 42 million dollars on Proposal 6.

Proposal 6 was disguised as a proposal to “let the public decide” on the building of any new bridge over the Detroit River. But the proposal was, in reality, a way to stop the State of Michigan from building a bridge that would compete with Moroun’s existing Ambassador Bridge or any new bridge Moroun would build.

Eight thousand trucks pass over the Detroit River daily between Canada and Detroit. Moroun controls this traffic today, and fought tooth and nail to keep anyone from cutting in on his profits.

If he spent 42 million dollars on Proposal 6, imagine the kind of money in profits he was expecting to make! “Poor” Matty will have to settle for a little bit less.