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.”
