Harrisburg Aims To Pay Bank $1.9M From Western Auction

Law360, Philadelphia (September 18, 2013, 5:37 PM EDT) -- Harrisburg's state-appointed receiver on Tuesday asked a Pennsylvania judge permission to give creditor Metro Bank at least $1.9 million obtained through the auction of the city's collection of Wild West artifacts, in order to repay a loan associated with the city's bungled waste-to-energy project.

The financially beleaguered capital city, whose financial restructuring is being handled by state-appointed receiver Maj. Gen. William Lynch, owes the bank a total of nearly $2.5 million, as part of $345 million in debt from the municipal project. The sum is the...
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