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A comment on 25% of US/Canada trade depends on a single privately owned bridge. Parent comment

Re:25% of US/Canada trade depends on a single privately owne... by dghlsakjg on Monday January 15, 2024 @10:24AM (#39001969)
That sounds like what the City of Chicago did with their parking enforcement rights.

They sold a 75 year contract to metered spaces for 1.5 billion dollars in 2008. Currently there have been 2 billion in revenue, and there are 60 years remaining on the contract...

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Re:25% of US/Canada trade depends on a single privately owne... by cmrdporcupine on Monday January 15, 2024 @10:29AM (#39002024)
"TORONTO, Feb. 16, 2023 /CNW/ - 407 International Inc. (the "Company") announced today revenues of $1,327.2 million for 2022, compared to $1,023.1 million for 2021. "

So about 1 billion USD annual revenue per year. 99 year lease.

The government of the time sold the lease rights for $3.1 billion CAD. So about $5 billion in today's dollars, about $3.7B USD.

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Re:25% of US/Canada trade depends on a single privately owne... by abduhl on Monday January 15, 2024 @12:05PM (#39003115)
Here's the remainder of that headline:

>> TORONTO, Feb. 16, 2023 /CNW/ - 407 International Inc. (the "Company") announced today revenues of $1,327.2 million for 2022, compared to $1,023.1 million for 2021. The Company reported net income of $435.3 million for 2022, compared to a net income of $212.4 million for 2021. Earnings before interest and other, taxes, depreciation and amortization ("EBITDA"1) totalled $1,138.8 million for 2022 compared to $859.0 million for 2021.

Per https://www.bankofcanada.ca/rates/related/inflation-calculat..., $3.1 billion in 1999 is about $5.26 billion today. So, in 2022 the consortium had an income of about 8.5% of what they paid. Not nearly as good as your numbers imply. The consortium is making back what they paid every 10-15 years, so over a 99 year lease they'll make something like a 600%-700% return on their investment. That's not great. And they shoulder the risk of collapsing toll revenue.

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