CHICAGO -- Detroit expected later this week or early next week to price approximately $166.4 million of limited-tax general obligation tax-exempt and taxable bonds through its Economic Development Corp. for pollution control equipment at the city's waste incinerator.

The long-awaited sale of the bonds will coincide with the sale-/lease-backed transaction that may take place this week of the Greater Detroit Resource Recovery Authority incinerator. The incinerator sale will allow a private investor to own the facility for tax credit purposes, while the city and its contractor continue to operate it.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.