Manuel Moroun

Manuel "Matty" Moroun (June 5, 1927 – July 12, 2020) was an American billionaire businessman, and the owner of CenTra, Inc, which controls the Ambassador Bridge, the international crossing connecting Detroit, Michigan, and Windsor, Ontario,[3][4] the only privately owned border crossing between the United States and Canada. Moroun bought the bridge from the Bower family in 1979.[5]

Manuel Moroun
Born(1927-06-05)June 5, 1927
Detroit, Michigan, U.S.
DiedJuly 12, 2020(2020-07-12) (aged 93)
Detroit, Michigan, U.S.
NationalityAmerican[1]
Other namesMatty Moroun
Alma materUniversity of Notre Dame
OccupationChairman and CEO of CenTra Inc.
Known forOwner of the Ambassador Bridge
Net worthUS$ 1.6 billion (July 2020)[1]
Spouse(s)Nora Moroun[2]
Children1 son

The bridge is now estimated to be worth between $1.5 and 3 billion.[6] CenTra, Inc., is also the controlling body of Central Transport International, an LTL trucking carrier.[7] Moroun also had a controlling stake in Universal Truckload Services Inc., which is a holding company for several over-the-road truck lines and logistics companies (Universal Am-Can Ltd., Mason Dixon Lines, Economy Transport, Cavalry Logistics, Louisiana Transportation, Inc., etc.) Moroun was formerly owner of the Roosevelt Warehouse and of Michigan Central Station. On June 11, 2018, Matthew Mourun confirmed the transfer of possession and sale of the station and the warehouse to Ford. [8][9] A 2008 Forbes article listed him as the 321st richest American.[10]

Early life

Manuel Moroun was born in Detroit in 1927.[11] He was of Lebanese descent;[5] his grandfather first moved from South America to Windsor, Ontario, before residing in Detroit after the First World War ended. He grew up on the city's east side with three sisters.[12] His father ran two gas stations in Detroit, where Matty worked before and during high school, which he completed at the University of Detroit Jesuit High School.[13] He later recounted how Jimmy Hoffa was one of the customers for whom he'd pumped gas.[12]

In 1946, his father bought Central Cartage Company, which would later become Central Transport, and Moroun started working with him. During college, Matty regularly commuted between the University of Notre Dame in South Bend, Indiana, and Detroit to help run the family business.[5] He graduated in 1949 with a bachelor's degree in chemistry and biology.[13] He aspired to become a doctor,[14] but ultimately went back to Detroit to work at the family's service station. He also cleaned and serviced buses for a living.[15] By the middle of the 1950s, he was responsible for managing most of his family's trucking business.[13]

Bridge ownership

Moroun bought the Ambassador Bridge in 1979 when shares came on the market.[5] It was originally privately built by railroad interests.[16][17]

In 2009, the Michigan Department of Transportation (MDOT) sued Moroun and the Detroit International Bridge Company for failing to comply with the terms of a contract to construct ramps connecting the Ambassador Bridge to nearby expressways as part of the Gateway Project. Wayne County Circuit Judge Prentis Edwards ruled in February 2010 that Moroun and the chief deputy of the Detroit International Bridge Co., Dan Stamper, were in violation of the contract and ordered them to come into compliance. On January 12, 2012, Judge Edwards found both Moroun and Stamper to be in non-compliance with his previous order and ordered both men to jail, denying a motion to stay the order until it could be appealed to the Michigan Court of Appeals.[18][19] After spending a night in jail, both men were released by the appellate court while they heard the case.[20]

The United States and Canadian governments have agreed to build the Gordie Howe International Bridge, a bridge between Detroit and Windsor to be located downriver and to be funded entirely by the Canadian government. All tax revenues from tolls from the Gordie Howe bridge are to be granted to Canada for the next 50 years after construction completes. This is in contrast to the tolls collected on the Ambassador Bridge which are subject to United States taxes and given to Detroit.[21] Critics suggested that Moroun's opposition was fueled by the prospect of lost profits from duty-free gasoline sales at the bridge.[22]

Ed Arditti, of the online news site Windsor Square suggested the appointment of Mark R. McQueen to the new Windsor-Detroit Bridge Authority was intended to anger the Moroun family. McQueen had been the executive assistant to Hugh Segal, Prime Minister Brian Mulroney's chief of staff, when the Mulroney government had a dispute with Moroun.[23]

Michigan Central Station
Main article: Michigan Central Station

Moroun owned Michigan Central Station from 1995 until selling it to Ford Motor Company in 2018.[24] Moroun and his family had faced criticism for failing to invest in the property over its years of ownership, leading to a significant amount of decay within the property and generally contributing to the "urban blight" character that enshrouded Detroit for much of the latter part of the 20th century and early 21st century.[25][26]

Personal life

Moroun married his wife, Nora, when he was 44 years old. Together, they had one child, Matthew, who went on to manage the family business after Moroun retired.[12] The family resided in Grosse Pointe Shores, Michigan.[1]

One of Moroun's sisters, Agnes, was in charge of the human resources department at CenTra Inc.[14] His other two sisters, Victoria Baks and Florence McBrien, sued him for $53 million in 1992.[27] They alleged that he had "cheated them out of their inheritance" following their father's death that same year,[14] in addition to engaging in shareholder oppression and excluding them from the business.[27] The seven-year legal concluded in October 1999 with a settlement that saw Moroun purchase the shares of his two sisters in CenTra Inc.[14][27] He ultimately reconciled with them.[14]

Moroun died of congestive heart failure on July 12, 2020.[13]

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References
  1. "Forbes profile: Manuel Moroun & family". Forbes. Retrieved July 5, 2020.
  3. "Crain's Detroit Business : Subscription Center". Crainsdetroit.com. Retrieved January 17, 2016.
  4. "Archived copy". Archived from the original on February 6, 2010. Retrieved August 30, 2009.CS1 maint: archived copy as title (link)
  5. Voyles, S. "The Man Behind the Bridge – Matty Moroun Talks about Detroit, Business and Being Sentimental". Corp! Magazine. Retrieved August 27, 2012.
  6. Subscribers, Attention Print Newspaper. "NP Story". Archived from the original on February 10, 2010 – via National Post.
  7. "Central Transport". Centraltransportint.com. Retrieved January 17, 2016.
  8. "Transportation & Logistics Solutions | Universal Truckload Services, Inc. | UTSI". Goutsi.com. Retrieved January 17, 2016.
  9. Aguilar, Louis. "Morouns tidy up before Detroit land vote". The Detroit News. Retrieved January 13, 2017.
  10. "The 400 Richest Americans: #321 Manuel Moroun". Forbes.com. Retrieved January 17, 2016.
  11. "Land Grab: How a bridge baron ruined a neighbourhood". windsorstar.com. December 14, 2013. Retrieved October 18, 2017.
  12. Gallagher, John (July 13, 2020). "Manuel 'Matty' Moroun, controversial bridge owner and trucking magnate, dies at 93". Detroit Free Press. Retrieved July 13, 2020.
  13. LeBlanc, Beth; Mauger, Craig; Howes, Daniel (July 13, 2020). "Manuel 'Matty' Moroun, owner of Ambassador Bridge, dead at 93". The Detroit News. Retrieved July 13, 2020.
  14. Jang, Brent (April 28, 2007). "A bridge too far?". The Globe and Mail. Toronto. Retrieved July 13, 2020.
  15. Chen, Dalson (July 13, 2020). "Ambassador Bridge owner 'Matty' Moroun dead at 93, report Detroit media". Windsor Star. Retrieved July 13, 2020.
  16. "The building of the Ambassador Bridge". The Detroit News. January 20, 2002. Retrieved July 13, 2020.
  17. Mason, Philip Parker (1987). The Ambassador Bridge: A Monument to Progress. Wayne State University Press. ISBN 9780814318409.
  18. "Mich. billionaire, 84, jailed over bridge dispute". Usatoday.com. February 1, 2010. Retrieved January 17, 2016.
  19. "Billionaire Bridge Owner's Greed Lands Him In Jail". Forbes.com. January 21, 2011. Retrieved January 17, 2016.
  20. "Billionaire Detroit bridge owner released from jail". Reuters. January 14, 2012. Retrieved January 17, 2016.
  21. "Archived copy". Archived from the original on March 27, 2010. Retrieved March 26, 2010.CS1 maint: archived copy as title (link)
  22. "Tax-Free Fuel Sales Are Bonanza for Ambassador Bridge Owners". Detroit Free Press. April 25, 2011. Retrieved January 28, 2019.
  23. Arditti, Ed. "The Real Reason Behind The DRIC Boards Announcement". Windsor Square. Archived from the original on September 11, 2015. Retrieved November 3, 2015.
  24. Reindl, JC; Gallagher, John (June 11, 2018). "Matty Moroun sells Detroit train station to Ford". Detroit Free Press. Retrieved July 27, 2018.
  25. Livengood, Chad (July 13, 2020). "Ambassador Bridge owner Manuel 'Matty' Moroun dead at age 93". Crain's Detroit Business. Crain Communications. Retrieved July 13, 2020.
  26. LeDuff, Charlie (March 22, 2018). "Ambassador Bridge owner Manuel (Matty) Moroun eyes 'twilight deal' as his son rises". Detroit Free Press. Retrieved July 13, 2020.
  27. Kosdrosky, Terry (October 18, 1999). "Moroun Settles Lawsuit Brought by his Sisters". Crain's Detroit Business. Crain Communications. Retrieved July 14, 2020.

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