Quote Originally Posted by Willi View Post
Nice little shell game for Detroit and the DWSD so that it skirts the issue of JUNK bonds.
Now the city [[DWSD) can use State monies and attract investors towards the "new" bond offering.

How many other businesses have you seen, suddenly close, and re-open under the same name ?

Same game, new name -- massive contracts for 30 years were signed in January 2014


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.