$210M Detroit street lighting plan approved by bankruptcy judge - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

$210M Detroit street lighting plan approved by bankruptcy judge

Posted: Updated:
DETROIT, Mich. (AP) -

A federal judge has cleared the way for Detroit's Public Lighting Authority to immediately sell $60 million in bonds to begin fixing thousands of broken streetlights.

Judge Steven Rhodes issued his order Friday - three days after he allowed Detroit to become the largest U.S. city to enter bankruptcy.

Total financing for the lighting plan is expected to reach $210 million.

Rhodes' ruling also means $12.5 million in annual utility taxes approved by the state Legislature to back the bond sale will not be affected by the bankruptcy.

Lighting Authority Executive Director Odis Jones says he expects to close on the initial bond sale "within the next five to seven business days."

Fewer than half of Detroit's 88,000 streetlights are believed to work.

  • Local NewsLocal NewsMore>>

  • Recall: Kraft Foods recalls 96,000 pounds of Oscar Mayer Classic Wieners

    Recall: Kraft Foods recalls 96,000 pounds of Oscar Mayer Classic Wieners

    Sunday, April 20 2014 9:36 PM EDT2014-04-21 01:36:39 GMT
    Kraft Foods is recalling approximately 96,000 pounds of Oscar Mayer Classic Wieners because the products may contain Classic Cheese Dogs in the Classic Wieners' packages.
    Kraft Foods is recalling approximately 96,000 pounds of Oscar Mayer Classic Wieners because the products may contain Classic Cheese Dogs in the Classic Wieners' packages.
  • Boyfriend shoots and kills ex-girlfriend

    Boyfriend shoots and kills ex-girlfriend

    Sunday, April 20 2014 8:28 PM EDT2014-04-21 00:28:41 GMT
    A violent dispute tears a family apart. Witnesses say a man shot and killed his pregnant ex-girlfriend Saturday. Now, he's in custody and the couple's two other children are left without parents.
    A violent dispute tears a family apart. Witnesses say a man shot and killed his pregnant ex-girlfriend Saturday. Now, he's in custody and the couple's two other children are left without parents.
  • Michigan's Most Wanted: Search for 3 killers

    Michigan's Most Wanted: Search for 3 killers

    Sunday, April 20 2014 7:58 PM EDT2014-04-20 23:58:55 GMT
    A special Michigan's Most Wanted. We're looking for the people responsible for three murders. Crime Stoppers will take your call right now at 1-800-SPEAKUP.
    A special Michigan's Most Wanted. We're looking for the people responsible for three murders. Crime Stoppers will take your call right now at 1-800-SPEAKUP.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices