Michigan Governor Rick Snyder is proposing that the state contribute $350 million to help protect the Detroit Institute of Arts collection and Detroit’s pension funds during the settlement of the city’s bankruptcy, the Detroit News has reported.
Detroit Bankruptcy
Posted inNews
Foundations Offer $330M to Help Save Detroit (and Its Art)
In an unprecedented move, nine local and national foundations have pledged $330 million to help the city of Detroit settle its bankruptcy, the Detroit Free Press reported.
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Christie’s Detroit Institute of Arts Appraisal Released
The indefatigable Detroit Free Press once again has the scoop on the latest developments at the Detroit Institute of Arts, and this time it’s the release of Christie’s appraisal of the museum’s collection.
Posted inArt
Why Detroit’s Bankruptcy Is Good News for Its Art Museum
DETROIT — “The greatness of America lies not in being more enlightened than any other nation, but rather in her ability to repair her faults,” wrote Alexis de Tocqueville. The US is great because it can roll up its sleeves and fix its problems. On December 3, US Bankruptcy Judge Steven Rhodes ruled that the City of Detroit was eligible for Chapter 9 bankruptcy protection.
Posted inNews
Detroit Institute of Arts Does Not Object to City Bankruptcy Relief
In a statement posted to their website late yesterday, the Detroit Institute of Arts (DIA) has affirmed its support of its host city’s Chapter 9 bankruptcy proceeding.
