Half of Detroitâ€™s Streetlights May Go Out as City Shrinks - Bloomberg
So they want to borrow $160M to save $10M a year? What is the payback periood then? Hmmmmm.Quote:
As it is, 40 percent of the 88,000 streetlights are broken and the city, whose finances are to be overseen by an appointed board, can’t afford to fix them. Mayor Dave Bing’s plan would create an authority to borrow $160 million to upgrade and reduce the number of streetlights to 46,000. Maintenance would be contracted out, saving the city $10 million a year.