HARRISBURG, Pa. (AP) — A newspaper says a deal appears to be emerging to resolve the multimillion-dollar debt crisis of Pennsylvania’s capital stemming from a city-owned municipal trash incinerator without the city having to declaring bankruptcy.
The (Harrisburg) Patriot-News (http://bit.ly/Z3PpBj ) said a series of interviews with a state-appointed receiver and other officials in Harrisburg indicates that the framework would involve selling the incinerator to the Lancaster County Solid Waste Management Authority. It would also mean entering a 40-plus-year deal to lease city lots and garages.
But, the paper said many stakeholders would have to agree to walk away from some money they feel they’re owed. And the city is still seeking $4 million in annual union concessions.
Still, officials say they believe they’re close to a “handshake deal” for court review.
Information from: The Patriot-News, http://www.pennlive.com/patriotnews