Republican Governor Pledges $350M to save Detroit Art Collection, and Pensions

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DETROIT FREE PRESS
"Virgin of the Rose Garden" (Flemish). Collection of DIA.
MICHIGAN---A settlement of Detroit’s bankruptcy that would protect city retirees and the collection at the Detroit Institute of Arts appeared closer Wednesday after Gov. Rick Snyder pledged $350 million to a growing rescue fund designed to bring all the major parties together in a grand resolution. U.S. Bankruptcy Judge Steven Rhodes also put his weight behind a grand bargain Wednesday, saying in a separate hearing that he might not allow DIA artwork ever to be sold to satisfy city debts. [link]

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