- 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
- Historical: Circuit Court judge has made indelible mark
- ABA amicus brief supports noncitizens’ right to a bond hearing when detention becomes ‘unreasonably prolonged’
- Nessel secures full victory in lawsuit challenging administration’s attack on fair housing protections
- Whitmer announces new automotive jobs, investment in Oakland County
- AG pushes federal government to strengthen rules to combat illegal robocalls
headlines National
- Lindsay Clancy trial shows how hard it is to prove intent retroactively
- Is there a religious right to abortion? State supreme court will weigh in
- Harvey raises $550M in latest round of funding
- Vanderbilt law students will gain access to AI-powered deposition simulations
- Federal judges’ interns may accept stipends from law firms, ethics panel says
- Former lawyer who pulled gun on ex-wife in restaurant convicted of attempted murder




