Experts said that even in the wake of tentative agreements between the city and Detroit retirees and pensioners, the bondholders and others pushing hard for a sale of art still have viable legal arguments. It's therefore too early to predict whether or not Detroit's emergency manager might still be pressured into putting DIA art back on the table, they said.
Snyder announces plan to shield DIA assets from Detroit bankruptcy
By Rick Pluta
Governor Rick Snyder has proposed committing up to $350 million to help mitigate cuts to Detroit pension benefits – as well as keep assets of the Detroit Institute of Arts off the auction block.
The state’s offer would play out over 20 years and would match money raised from private donations to make sure DIA paintings, sculptures, and other works of art don’t get sold off to pay pension benefits that are central to the bankruptcy negotiations.
Michigan Theater Executive Director Russ Collins paid his weekly visit with David Fair for this week's installment of Cinema Chat, and began the conversation discussing the return of one of the University of Michigan's most successful exports to Hollywood.
The 2nd annual Cinetopia Film Festival kicked off in Ann Arbor Thursday night and will run right through the weekend. With so much to cover, a second installment of Cinema Chat this week seemed appropriate and needed! In this bonus edition, WEMU's David Fair is joined by Michigan Theater Executive Director Russ Collins and Michigan Theater Program Director Amanda Bynum. Additionally, there is a special appearance by Richmond Arquette! Richmond is the co-star of the film, "This is Martin Bonner." The film will be shown twice at Cinetopia, the first of which is 9:30 tonight.