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Detroit Floats Utilities Spinoff As $5B Refi Hangs In Balance

By Andrew Scurria (August 21, 2014, 8:22 PM EDT) -- Amid a critical $5.2 billion debt refinancing attempt, the city of Detroit on Wednesday resurrected its long-percolating proposal to spin off the Detroit Water and Sewerage Department into a regional system serving three neighboring counties and unlock a new revenue stream....

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