Harrisburg Receiver Releases Rescue Plan for Fiscal Crisis
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The receiver for Harrisburg, the insolvent capital of Pennsylvania, said he agreed with creditors owed about $362.5 million to a plan to end the city’s fiscal crisis without the need for another bankruptcy filing.
The city would sell its waste-to-energy plant and lease its parking system, the state-appointed receiver, William B. Lynch, said yesterday in a copy of his plan sent to reporters and filed with Pennsylvania’s Commonwealth Court.