OMG, sorry if he didn’t spell it out for ppl like you. |
Baltimore officials to open a ‘temporary alternate channel’ next to Key Bridge, port leader says
https://wtop.com/baltimore/2024/03/baltimore-officials-to-open-a-temporary-alternate-channel-next-to-key-bridge-port-leader-says/ |
You’d win that bet! The purple line construction seems like slow motion. |
OMG, Janet Yellen completely understood the need to walk back what Biden said and understood that he misspoke. Again. Sorry you can't comprehend or admit it. |
Of course it will be ok. Baltimore did not just start as a port. There is a reason why it was large. Everything will be fine. |
There will be little cost recovery here. And the little that comes will take years. That bridge will cost 5 billion to rebuild. Just the clean up of the old bridge will cost close a billion by the time it is done. No way the boat has that kind of insurance. And the ownership and operation of the boat are structured to limit any recovery. At best they will get a recovery that is chewed up by clean up and payments to the port for various things. Maybe some portion of the design costs. That is it. And even that will take 10 years of litigation. This is not bp in the gulf with almost unlimited resources. This bridge does not get rebuilt unless federal government pays for it up front. Minor recovery to follow. By the way, very unclear who has responsibility for this under us maritime law. |
Short answer, OP, is yes. Of course it will recover. |
It was due for replacement anyway, and you wouldn't get a discount for the existing bridge when you rebuilt it. The insurance only needs to cover the demolition of the existing bridge and payouts to the families. |
Ship owner just filed limitation of liability action in federal court to cap damages at 43 million. Under maritime law this will be approved. No way out of it. Other people to go after but the ship owners are not one of them. |
DP... OMG you are a simplistic idiot. Anyone with a clue knows that it will likely take YEARS to get through litigation and to get payment. Biden knows this too, and he knows recovery and rebuilding needs to start NOW rather than years from now when we get the money. You seem to be the only person here who DOESN'T have a clue. https://www.cnn.com/2024/03/28/business/who-ends-upholdingthebagfor-the-baltimore-bridge-collapse/index.html You have to be the most obtuse person on DCUM if you seriously think "uhh Biden says the taxpayers are footing the bill and that's that, end of story, the company that trashed the bridge is getting off scot free" |
Their insurers will end up getting stuck for a chunk of it. |
No. This would include the insurance. Entire recovery. They may have to prove that it was not their fault to get the limitation. Not sure. |
That maritime law only shields them against economic damages claims. It does not shield them against injuries, death and property damage or losses, such as claims from the people harmed by the collapse or claims over the damage to the bridge itself. And those property damage/loss claims will be in the billions. |
Just following up on this, here’s the lone Republican representing Maryland: |
Ummm yes it does shield them from everything if they can win. People harmed by bridge are people that fell in. Any other people it is far too remote. |