HARRISBURG PATRIOT-NEWS: The city of Harrisburg, which has been all but crippled by a series of bad and possibly fraudulent decisions related to its trash to power incinerator, appears tantalizingly close to agreements that would provide a path to solving its financial crisis without declaring bankruptcy.
As tenuous negotiations continue behind the scenes, the debt grows, with the most recent estimate coming in at $370 million.
The framework of the deal calls for selling the incinerator to the Lancaster County Solid Waste Management Authority, and entering a 40-year-plus public-private partnership with Standard Parking, which runs Harrisburg International Airport garages and is the nation’s largest parking facility operator. It also entails convincing each of seemingly dozens of stakeholders to agree to walk away from some of the money they feel they’re due… (more)
