Tuesday, June 2, 2015

How Harrisburg lost $300 million

A damning forensic investigation

How Harrisburg lost $300 million

There's blame all around - from elected officials to bond professionals to engineering contractors -- in the Harrisburg Authority's 130-page Forensic Investigation Report, by Philadelphia accounting firm ParenteBeard LLC and law firm Klehr Harrison Harvey Branzburg, on how the city ended up $300 million in the hole and under state financial receivership over its failed trash incinerator renovation project. Next step is for receiver David Unkovic to report next month on what he intends to do so the city's bills get paid. Read it here.

About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano