A $70 million bond has been sold to help pay for repairs to a sewer line that collapsed and caused a sinkhole north of Detroit.
Macomb County officials say Wednesday that the bond will cover most of the $75 million cost. About $5 million from the state also will be used for the work.
The bond was sold by the Macomb Interceptor Drain Drainage District and will cover costs associated with the emergency response to the collapse and repairs to the 11-foot diameter sewer line.
The broken line along 15 Mile Road in Fraser caused the football field-sized sinkhole on Christmas Eve. Three houses had to be condemned and a major road closed.
It also has threatened to dump raw sewage into thousands of basements in Macomb County.
