Start here. Billionaire Matty Moroun Ordered to Jail
January 13, 2012 4:55 AM Subscribe
The billionaire became inmate No. 12-981.
posted by bricksNmortar (147 comments total)
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is a Detroit businessman and the owner of Centra Inc, the holding company which controls the Ambassador Bridge
the only privately managed U.S. / Canada Border crossing, and the #1 busiest North American border crossing.
He was sent to jail early yesterday for defying a judge's ruling that he comply with a court order compelling him to complete his company's portion of The Gateway project
, a joint construction project he agreed to in 2008 designed to ease border traffic. Instead of working on the ramps to ease congestion, his crews built built a roadway that took traffic past the company's lucrative duty-free store and fuel pumps, and that kept thousands of trucks bound for expressways lined up on surface streets in the area.
Growing up and living in the Detroit area, it's always floored me that something like The Ambassador Bridge could be privately owned.