Detroit businessman Manuel Maroun, who owns the only bridge spanning the busy trade route between Detroit and Canada, has bought a piece of land that could complicate a government plan to build a second bridge across the river.

Maroun purchased a piece of land in southwest Detroit that reportedly is necessary for the competing, publicly funded bridge. The second bridge, called the Detroit River International Crossing project, is a joint project by the governments of Michigan, Ontario, the U.S., and Canada. It’s estimated to cost nearly $2 billion.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.