Deal 'imminent' to sell Harrisburg's debt-laden incinerator

Wed Jul 24, 2013 9:12am EDT

1 of 2. A trash truck enters the Harrisburg Incinerator in Harrisburg, Pennsylvania, March 10, 2010.

Credit: Reuters/Tim Shaffer

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(Reuters) - The city of Harrisburg, Pennsylvania, said on Wednesday that it reached an agreement to sell the garbage incinerator that burned a $345 million hole in its finances and nearly left it bankrupt.

State-appointed receiver William Lynch said in a statement that a deal is imminent to sell the incinerator to Lancaster County Solid Waste Management. The terms of the deal, which must be approved by a court overseeing the city's financial recovery plan, were not disclosed in the statement.

(Reporting by Hilary Russ; Editing by Tiziana Barghini and Chizu Nomiyama)