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DIA Statement: Supports Grand Bargain, Raises Objections To Detroit Creditors’ Demands

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Detroit Institute Of Arts

DIA (credit: dia.org)

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DETROIT (WWJ) – The Detroit Institute of Arts has filed a response to objections by Detroit creditors to the Grand Bargain.

Representatives of the DIA released a statement saying its art is legally protected from being sold off.

The city of Detroit is defending its bankruptcy plan, saying a plan to spin-off the DIA is legal.

The Grand Bargain would provide more than $800-million to help Detroit pensioners and safeguard the DIA art collection.

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