I think your argument may be missing the point of the agreement. The only way you unlock state borrowing abilities isn't the name change...it's the change in the control. The suburbs now have a majority vote on the board.
I have not heard [[but may be inorrect) that Detroit will have a veto power.
Also, mea culpa, I was hoping that the $50MM would go to the City General fund. It will not; it will remain in the water system.
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