Syncora Holdings Ltd. (fka SYCRF)

[mrholty]

Anybody understand how this deal works. My limied understanding of the agreement is that the City of Detroit owned 50% and City of Winsor, Ont owned 50% of the tunnel and that American Roads is responsible for operations, maintenance, etc.

Its also an interesting time as traffic on both this and the Ambassador Bridge has been declining since 2000, not just since the recession in 2088/09. My understanding is that the Ambadassor bridge gets about 2/3 or the traffic in this area and there was approval last year to build a second bridge.

If Syncora is smart they should attempt to do what the PANYNJ does and only collect tolls in one direction but charging 2x as much. This would free up space on the other side where they could put a gas station as they have at the Ambassador Bridge which is in a duty free zone. Gas is a nickel or dime cheaper but $.50 cheaper to the Bridge Co and where the Bridge makes its money.