Harrisburg, Pennsylvania, Parking Spurs Buyer Interest
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Harrisburg, the Pennsylvania capital whose insolvency sparked a decision to default on some general-obligation bonds, got inquiries from Morgan Stanley and 13 other companies on buying or leasing its parking system.
A different Morgan Stanley venture may earn a $9.58 billion profit from a 75-year lease of Chicago’s parking facilities, based on documents from the group. Other potential bidders that expressed interest in the Harrisburg operations include financial services firms, parking companies and a pension fund.