CHICAGO — Michigan Gov. Rick Snyder is floating a draft bill to advance a controversial and long-stalled $3.8 billion, partially bond-financed bridge spanning the busy trade route between Detroit and Canada.

The legislation would create a new bond-issuing authority that would be able to enter into a public-private partnership for up to 50 years to build and oversee what Snyder has dubbed the New International Trade Crossing project.

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