CUMBERLINK / AP: …Harrisburg receiver William Lynch submitted the approximately 350-page plan to state Commonwealth Court on Monday in a bid to relieve hundreds of millions of dollars of debt and erase persistent budget shortfalls in the struggling city.
Part of the plan involves selling the city’s municipal trash incinerator, whose debt dragged the city to the brink of bankruptcy.
It would also involve the transfer of the city’s parking garages and lots to a state economic development agency that could then use tax-free financing to help pay down the city’s debt more cheaply while being reimbursed by parking receipts… (more)
