Detroit's private operator of Windsor Tunnel declares bankruptcy
Detroit Windsor Tunnel operator American Roads files for bankruptcy
By Bloomberg News
July 25, 2013 11:07 AM
American Roads LLC, which operates highways including the mile-long Detroit Windsor Tunnel, sought bankruptcy court protection, citing $830 million in debt related to swaps and bonds.
The Detroit-based company listed more than $100 million in assets in Chapter 11 papers filed today in U.S. Bankruptcy Court in New York.
The filings "are not the result of the recent bankruptcy filing of Detroit - although Detroit's financial situation has contributed to the difficulties," Chief Executive Officer Neal Belitsky said in court papers.