The receiver for Harrisburg, the insolvent capital of Pennsylvania, said he agreed to a plan with creditors owed about $362.5 million to end the city’s fiscal crisis without the need for another bankruptcy filing, Bloomberg News reported yesterday. The city would sell its waste-to-energy plant and lease its parking system, the state-appointed receiver, William B. Lynch, said yesterday in a copy of his plan sent to reporters and filed with Pennsylvania’s Commonwealth Court. The amount raised by the sale and the lease wouldn’t fully repay the claims of Harrisburg’s largest creditors. They might receive more funds later, according to the plan. Municipal workers also agreed to make concessions.
