Bankruptcy judge approves $120 million loan for Detroit

City's emergency manager says money will go for police, fire, blight

DETROIT – The judge assigned to oversee Detroit's bankruptcy case has approved a $120 million loan that will allow the city to start making improvements in the city's police and fire departments, and also to general city services.

Last month, Detroit City Council approved the loan and Detroit Emergency Manager Kevyn Orr revealed his plan for them money, which is through investment bank Barclays.

View/download: Kevyn Orr's plan for $120 million after bankruptcy

The biggest chunk -- $36.2 million -- is going to the Detroit Police Department for squad cars, new precincts and hiring. The second biggest chunk of the money -- $35.6 million -- will go to blight removal.

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The Detroit Fire Department comes in at No. 3 as Orr plans to throw $28.5 million at it for new vehicles, new information technology and hiring.

Complete coverage: Detroit bankruptcy

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