On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
68° Feels Like: 68°
Wind: NW 16 mph Past 24 hrs - Precip: 0.06”
Current Radar for Zip

Tonight

Scattered Thunderstorms 60°

Tomorrow

Thunderstorms 61°

Mon Night

Mostly Clear 43°

City of Detroit asks judge to approve loan deal

DETROIT (WKZO) -- The city of Detroit has officially asked U.S. Bankruptcy Judge Steven Rhodes to approve a deal with London-based Barclays to borrow up to 350-million dollars.

Last month, the city secured the loan, which would be used to pay off a 2005 interest-rate transaction and to improve city services.  In a court filing Tuesday, the city said it expects to save around 50-million dollars to pay off the transactions.

Rhodes has set a hearing on the matter for November 14th.

Comments