Efforts by the Koch brothers front group Americans for Prosperity to scuttle the Detroit bankruptcy settlement were shot down in flames as the state legislature overwhelmingly voted yesterday to contribute $194.8 million toward the deal. This was the amount needed to ensure that the deal did not collapse and which saves the Detroit Institute of Arts’ priceless art collection while […]

It’s priceless art, not an “asset” The Detroit Free Press is reporting this afternoon that Financial Guaranty Insurance Co. has filed paperwork with the federal bankruptcy court overseeing Detroit’s bankruptcy showing that several four separate investors have made bids on the priceless art collection held by the Detroit Institute of Arts worth billions of dollars. A financial insurance giant that […]

Creative strongarming? Detroit Emergency Manager Kevyn Orr has said for some time that he expects the Detroit Institute of Arts to come up with a half billion dollars of what can only be called ransom to help settle Detroit’s bankruptcy crisis. The expectation had the result of pitting the pensions of retired Detroit workers against priceless pieces of art held […]

The desperation is getting palpable While Governor Rick Snyder met with billionaire Warren Buffett and Goldman Sachs CEO Lloyd Blankfein in Detroit yesterday, another group of wealthy moneymen were across town filing a motion with the federal judge asking that he take action on their behalf in Detroit’s ongoing bankruptcy saga. The banks that are owed money by Detroit are […]

A rock on one side and a hard place on the other Last year, the Detroit Institute of Arts had over a half million visitors. The museum is a huge tourist draw and an anchor for the area of Detroit that surrounds it. The cost to the city of Detroit for this priceless collection of art is exactly zero dollars. […]

#SaveTheArt Earlier this month, in the dark of night, a giant dragon sidled its way up to the Detroit Institute of Arts (DIA). It belched out a giant plume of flame which ignited a gas-soaked sign on the front lawn of the museum which spelled out the phrase #SaveTheArt. The scene was the artistic creation of Detroit artist Ryan C. […]

This court decision “could restore small-d democracy across Michigan” Last night, Rachel Maddow reported on something that regular readers of this blog already know: a recent federal appeals court decision has major implications for the potential striking down of Michigan’s anti-democratic Emergency Manager law. While this news is, in my mind, HUGE, it barely got noticed anywhere including in Michigan […]

What were the odds…? [DIA “Thinker” image modified from CC photo by Michael Barera | Wikimedia Commons] A couple of weeks ago, we learned that Christie’s auction house was in Detroit to appraise the Detroit Institute of Arts legendary collection. At the time, nobody knew who had called them in. Pamela Marcil, a museum spokeswoman, said “We don’t know who […]

The DIA is a superhero among museums. But that doesn’t mean it should have to save Detroit. I don’t understand this obsession some people have with the Detroit Institute of Arts selling off the treasures in its collection. Do they think it’s the DIA’s responsibility to save Detroit? Because it’s not. Of course, the people who think the DIA should […]

This is unreal

“This is unprecedented in my experience,” he said. “It seems reckless to even consider liquidating these public assets.”