Detroit Pension Deals Make Sale Of DIA Art Less Likely - But Still Possible

12:38 pm
Thu April 17, 2014

Detroit Pension Deals Make Sale Of DIA Art Less Likely - But Still Possible

Lead in text: 
Some bankruptcy experts said that it now appears increasingly unlikely that creditors will be able to get their hands on the city-owned art collection at the Detroit Institute of Arts.
  • Source: Freep
  • | Via: Mark Stryker
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.