Reuters logo
Deal 'imminent' to sell Harrisburg's debt-laden incinerator
July 24, 2013 / 1:15 PM / 4 years ago

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

A trash truck enters the Harrisburg Incinerator in Harrisburg, Pennsylvania, March 10, 2010. REUTERS/Tim Shaffer

(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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below