CHICAGO -- The Detroit Public Schools have solicited proposals from about 15 firms to lead the first series of bonds to be sold under a $1.5 billion bond authorization approved by voters this month.

According to the school district's plan, 10 series of general obligation bonds will be issued over the next 15 years. The proceeds will be used to pay for capital improvements to 146 crumbling school buildings around the city and to finance construction of 14 new buildings.

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