Detroit Lighting Authority to Borrow $185 Million, Expand Streetlight Upgrades

Detroit’s Public Lighting Authority, created to take up fixing nonworking streetlights throughout the city, said Thursday that it will borrow $185 million in bonds—$20 million more than it initially had planned—after Standard & Poor’s graded the agency’s credit risk as relatively low compared with the bankrupt city. Learn more via Detroit Free Press

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