United Bridge Partners Pitches Michigan City on New P3 Project

MLive.com reports that United Bridge Partners (which includes American Infrastructure Funds and Figg Bridge Group) “is proposing to construct, own, operate and maintain a new, 120-foot tall fixed bridge that would replace Independence Bridge and take over ownership and operations of Liberty Bridge, two pieces of Bay City [Michigan] infrastructure in dire need of millions of dollars in repairs. By taking ownership of the bridges, the firm would relieve the city of a substantial liability, but it would also charge a toll to the thousands of motorists who use the spans on a daily basis.”