Work ongoing with Detroit, suburbs on water deal
Fri, 20 Dec 2013 12:29:37 GMT —
Suburban Detroit officials don't expect to meet a deadline for reaching an agreement on the future of the Detroit Water and Sewerage Department.
Hopes were to have an agreement in place by Friday. The Detroit Free Press reports state-appointed emergency manager Kevyn Orr initially proposed a long-term deal that would have had the suburbs essentially lease assets, but suburban leaders balked at the price.
Deputy Oakland County Executive Robert Daddow says discussions are ongoing on the "very complex issue."
The future of Detroit's water system is linked to its bankruptcy, since a deal would mean revenue for the city. Orr has said the city's debt is at least $18 billion. He is expected to present a plan of adjustment for fiscal restructuring to the bankruptcy court in early January.