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Revolution Lighting Technologies, Inc. Message Board

  • superbowl6wins superbowl6wins Feb 16, 2014 7:01 PM Flag

    I Found The Answer To My Own Question ......

    A prominent pastor in Detroit’s hard-hit Brightmoor neighborhood says he’s looking forward to functioning streetlights after U.S. Bankruptcy Judge Steven Rhodes on Friday approved a $210-million financing arrangement for overhauling the city’s antiquated lighting system.

    The judge’s order is expected to give confidence to the credit markets to lend the repair money to Detroit’s new Public Lighting Authority.

    The authority was formed as a separate entity from city government because Detroit was too broke to borrow money on its own to rebuild and downsize the 88,000-fixture street lighting system, which has an estimated worst-in-the-nation outage rate of 40%.

    To be honest I'am surprised he allowed it !

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