Harrisburg should hire a bankruptcy attorney
From the PATRIOT-NEWS:
1. Mayor Linda Thompson, who has been in office since Jan. 4 and promised to “hit the ground running,” has yet to announce a plan.
2. The mayor and the majority of City Council members are barely on speaking terms. They can’t even agree on the hiring of a financial adviser or on three individuals to serve on the board of the Harrisburg Authority, which oversees the incinerator.
3. The city is in default. It missed another incinerator-related bond payment Sept. 1 and has given notice it will default on more than $3 million of general obligations bonds that are not related to the incinerator on Sept. 15.
4. Dauphin County, which regretfully co-signed as a guarantor on about half of the incinerator, is joining with other creditors to sue the city and force it to pay up…
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Hmmm- was Harrisburg and PAM being run by the same people? The similarities are scary and equally disgusting in the public money wasted.
Harrisburg’s City and County guarantees sound very much like a similar situation right here with the Lancaster County Convention Center and attached City-owned hotel.