The ambassador bridge makes like $100M a year in revenue. The cost of the new bridge was $6.4B once you tack on interest there will be hardly any net profits left to split.

I’m sorry, but this argument makes no sense.

[–] CanIFishHere@lemmy.ca -2 points 4 days ago (1 children)

We both know the original deal was Canada was to receive all the toll money until the costs ($6.4B) was recouped. Now the USA receives half the tolls, or effectively $3.2B for contributing nothing. Those are just the facts. You can say it doesn't matter, but it's still $3.2B because of a shakedown, not a negotiation.

[–] ThuggyG@piefed.ca 2 points 4 days ago (1 children)

Ok so here’s the problem. In the politest way possible, you don’t understand the new deal.

Canada owns the 6.4B in costs to construct the bridge. This includes the debt and interest.

Canada WILL RECOUP ALL COSTS TO CONSTRUCT THE BRIDGE. DEBT WILL BE PAID OUT. YOU HAVE TO PAY THE DEBT AND INTEREST IN ORDER TO GET NET PROFITS.

After the debt is paid you get net profits. These net profits will now be split 50/50. Previously, Canada was to receive all of the net profits in an effort for Canada to recoup the costs of construction faster. Then the split would be 50/50.

[–] CanIFishHere@lemmy.ca -2 points 4 days ago (1 children)

Nope. Tolls are split immediately.

[–] ThuggyG@piefed.ca 2 points 4 days ago (2 children)

https://www.detroitnews.com/story/news/politics/2026/07/13/gordie-howe-bridge-opening-update-trump-carney/90901991007/

https://www.ctvnews.ca/canada/article/good-deal-for-canada-pm-carney-insists-not-a-lot-of-revenue-to-split-with-us-on-gordie-howe-bridge/

https://www.theglobeandmail.com/canada/article-gordie-howe-bridge-split-good-deal-both-countries-minister-says/

you can choose your preferred source.

You’re wrong, stop posting misinformation

[–] k_rol@lemmy.ca 2 points 4 days ago (1 children)

I don't know what's up with that guy. The new deal is fine, sure it was better before as it was pretty clear we keep everything but splitting half the PROFIT is alright. Also there is no word about preventing the toll to be lower than other bridge. They just can't see past their hate for Carney I suppose.

[–] ThuggyG@piefed.ca 2 points 3 days ago

The frustrating part is the misinformation. If you hate him, go ahead and hate him. We can’t be so blinded by hate that we can’t acknowledge a decent idea.

I hate Trump. These newborn savings accounts are a good idea. Trump still sucks dick.

[–] CanIFishHere@lemmy.ca 0 points 4 days ago* (last edited 4 days ago) (1 children)

First line. USA Canada to split profits. If the deal is so good, why won't Carney release the full details?

The operating costs on a brand new bridge would be next to nil.

[–] ThuggyG@piefed.ca 1 points 3 days ago* (last edited 3 days ago) (1 children)

What about the payment of debt you dunce.

At best you’re willfully ignorant and have poor reading comprehension.

At worst you’re trolling and spreading misinformation.

[–] CanIFishHere@lemmy.ca 1 points 3 days ago* (last edited 3 days ago) (1 children)

If by debt you mean the cost of construction, that is now off the table. Profits (money left after operating costs) is split between USA and Canada. This is pretty much common knowledge by now.

At least we don't have to rename it the Donald J Trump bridge.

[–] ThuggyG@piefed.ca 1 points 3 days ago (1 children)

you’re 100% wrong. We’re splitting net profits which is calculated after the payment of interest and debt.

Grow up and educate yourself

[–] CanIFishHere@lemmy.ca 1 points 3 days ago* (last edited 3 days ago)

This was really hard to find. Had to do some assumptions myself. If the deal is $4.6B at a 50 yr amortization at 3% interest the combined principle / interest payment per month would be about $15M a month. No story makes it explicit, but if we assume this is taken out prior to calculating net profit, this is the number.