57:T4fc, 48:["$","$1","6",{"children":[["$","div",null,{"className":"payload-richtext prose md:prose-md dark:prose-invert underline-offset-2 prose-a:font-normal prose-a:hover:text-accent prose-a:transition-colors prose-a:duration-100 prose-a:ease-out prose-a:decoration-accent prose-a:**:decoration-accent! max-w-[636px] mx-auto md:text-xl font-serif md:[&>h2]:text-3xl pb-8","children":[["$","iframe","0",{"height":600,"data-src":"https://qz.com/embed/inset/iframe?id=instagram-z7k6QOp_rp&autosize=1","srcDoc":"$57","id":"instagram-z7k6QOp_rp","data-recommended":"false","className":"w-full fit-content rounded-2xl p-4 bg-gray-200 my-2","sandbox":"allow-scripts allow-same-origin","frameBorder":"0","scrolling":"no","loading":"lazy","allowFullScreen":true}],["$","p","1",{"children":["But Jones faced a major obstacle to securing the necessary financing – his second day on the job the City of Detroit filed for bankruptcy. While the authority is an independent body with its own dedicated funding source, with the city in federal bankruptcy court investors were hesitant to provide the requisite funding for the PLA."]}]]}],[false,false]]}] 49:["$","$1","7",{"children":[["$","div",null,{"className":"payload-richtext prose md:prose-md dark:prose-invert underline-offset-2 prose-a:font-normal prose-a:hover:text-accent prose-a:transition-colors prose-a:duration-100 prose-a:ease-out prose-a:decoration-accent prose-a:**:decoration-accent! max-w-[636px] mx-auto md:text-xl font-serif md:[&>h2]:text-3xl pb-8","children":[["$","p","0",{"children":["With an established track record in Michigan and municipalities emerging from bankruptcy, Citi had the reputation and clout to reassure investors and raise meaningful capital. Driven by the urgency of the project, Citi committed capital of its own to facilitate the issuance of long-term bonds at very favorable terms. Ultimately, because of those favorable terms the Authority was able to finance $25 million more than its original goal of $160 million, providing funds for 10,000 additional lights."]}]]}],[false,false]]}] 4a:["$","$1","8",{"children":[["$","div",null,{"className":"payload-richtext prose md:prose-md dark:prose-invert underline-offset-2 prose-a:font-normal prose-a:hover:text-accent prose-a:transition-colors prose-a:duration-100 prose-a:ease-out prose-a:decoration-accent prose-a:**:decoration-accent! max-w-[636px] mx-auto md:text-xl font-serif md:[&>h2]:text-3xl pb-8","children":[["$","p","0",{"children":["Flush with the resources needed to execute his vision, Jones’s team has outpaced expectations—the Authority is well over halfway to its goal of relighting the entire city, and has replaced more than 42,000 lights. Localized engineering studies have given the team the resources to discourage copper theft by switching to aluminum wirin