DETROIT
03/09/2012 07:54 am ET

Bing Wants State To Loan City $150M

BY LEONARD N. FLEMING, THE DETROIT NEWS

Mayor Dave Bing is seeking $125 million to $150 million in a short-term loan from the state to help fix the city's fiscal crisis, Bing's office confirmed Thursday night.

Bing's request follows his State of the City speech Wednesday night where he vowed to keep an emergency manager out of the city and called for "tangible support" from the state, including financial and operational support.

According to Bing spokeswoman Naomi Patton, the loan request hasn't formally been made to Gov. Rick Snyder.

Read more on Detroit News

-

CONVERSATIONS