- Posted April 04, 2014
- Tweet This | Share on Facebook
Detroit gets approval to use $120 million loan
DETROIT (AP) -- Bankrupt Detroit has been given approval to move forward with a $120 million quality of life loan to help improve city services.
Federal Judge Steven Rhodes on Wednesday approved the loan brokered with Barclays. He says Detroit can use the money to meet the needs of people living in the city.
Brad Erens, an attorney representing Detroit, says the city needs to hire more police and firefighters and repair public safety vehicles. The city has filed a list of projects that require $179 million in funding.
The city has said the loan will be paid off with available funds after the court approves its exit plan from the nation's largest municipal bankruptcy.
State-appointed emergency manager Kevyn Orr on Monday filed an amended plan of adjustment. Hundreds protested the plan Tuesday.
Published: Fri, Apr 4, 2014
headlines Oakland County
- Youth Law Conference
- Oakland County Executive Coulter announces $3M pledge by Penske Family Foundation to Integrated Care Center
- Jury convicts Kalamazoo man in 2005 cold-case sexual assault
- Whitmer signs bills defending Michigan’s fair and free elections by protecting Michigan voters and supporting public safety
- Supreme Court doesn't seem convinced FDA was unfair in blocking flavored vapes as teen use increased
headlines National
- Lucy Lang, NY inspector general, has always wanted rules evenly applied
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- 2024 Year in Review: Integrated legal AI and more effective case management
- How to ensure your legal team is well-prepared for the shifting privacy landscape
- Judge denies bid by former Duane Morris partner to stop his wife’s funeral
- Attorney discipline records short of disbarment would be expunged after 8 years under state bar plan