CHICAGO -- Felix Rohatyn and Lazard Freres & Co. have been tapped by Detroit to once again help that city cure its fiscal ills.

Mayor Coleman Young announced late last month that Mr. Rohatyn, a partner at the firm and the chairman of the Municipal Assistance Corporation of New York, and Lazard would "be available to assist the city in an advisory capacity in the same manner they did so successfully in 1981."

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