- 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
- Reading reenactment
- Supreme Court overturns precedent on how to determine a child's domicile when parents are divorced
- Nessel reissues government imposter scams consumer alert following reports
- Formal Opinion 524: Government lawyers’ obligations when knowing of a public official’s intended or ongoing violation of law
- Whitmer signs bipartisan bills to address the opioid crisis, support public health
headlines National
- How to use AI but steer clear of hallucinated cases
- Lawyers for low-income clients strike in NYC
- Top prosecutor for International Criminal Court accused of sexual misconduct
- Big Tech companies facing new wave of lawsuits over copyright and AI
- Lawyer says he was ‘manic’ when he bought Cape Cod mansion in danger of falling into ocean
- Judge regrets ‘entitled little snot’ comment but still fit for the bench, lawyer says




