Harrisburg Ignored Red Flags On Doomed Project: Audit

Law360, New York (January 19, 2012, 4:43 PM EST) -- The disastrous incinerator project that sent Harrisburg, Pa., tumbling into bankruptcy was doomed by a lack of oversight, convoluted financing methods and “the accumulated effects of bad decisions,” according to a blistering audit published Wednesday.

The audit, commissioned by the municipal body that owns the trash incinerator, reads like an autopsy report for a city now unable to make payments on $310 million in debt from the project. The city's contentious Chapter 9 bankruptcy case was thrown out in November.

The project to retrofit the incinerator,...
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