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Detroit bankruptcy

Inside the Detroit Institute of Arts (credit: Bill Pugliano/Getty Images)

Will The City Of Detroit Be Tempted By Offer Of $4 Billion With DIA Art As Collateral?

Art finance lender, Capital Art Group of New York offered to loan Detroit $4 billion, if the DIA collection is used as collateral for the loan.

WWJ Newsradio 950–08/27/2014

C) Mike Muholland - president of Local 207. (WWJ/Stephanie Davis)

Finger-Pointing Begins As Cause For Flooding Is Examined

Water department officials say the system worked exactly as it was designed to – the day of torrential rains – which they say just overwhelmed the system.

WWJ Newsradio 950–08/13/2014

Detroit Emergency Manager Kevyn Orr. (Photo by Bill Pugliano/Getty Images)

Creditor Opposes Detroit Debt Plan, Says Scrap It

Syncora Guarantee said in a court filing that the plan put together by state-appointed emergency manager Kevyn Orr and attorneys hired by the city is unfair.

WWJ Newsradio 950–08/12/2014

Detroit Institute Of Arts (credit: Bill Pugliano/Getty Images)

Toyota Pledges $1M Toward Detroit Bankruptcy Deal, Saving Art

Toyota has pledged $1 million toward the Detroit Institute of Arts’ goal to raise $100 million to prevent the sale of art in Detroit’s bankruptcy and help city pensioners.

WWJ Newsradio 950–08/06/2014

(credit: istock)

Detroit Due To Report Results From Pension Vote In Bankruptcy Court

The city of Detroit promised to report the results of voting on pension cuts Monday but declined to disclose the numbers during a morning bankruptcy hearing.

WWJ Newsradio 950–07/21/2014

(credit: istock)

Voting Results On Pension Cuts By City Employees And Retirees Expected Today

More than 30,000 retirees and current and former workers were eligible to vote on pension changes.

WWJ Newsradio 950–07/21/2014

Kevyn Orr (credit: Vickie Thomas/WWJ Newsradio 950)

Emergency Manager Kevyn Orr Says He’ll Leave Detroit Once Bankruptcy Is Settled

“I think it’s appropriate for me, when this does come to an end, to exit quietly…”

WWJ Newsradio 950–07/17/2014

(Photo: Marie Osborne/WWJ)

Companies, Foundations Pledge $26.8M To Save Art At DIA

The pledges bring the Detroit Institute of Arts to almost 80 percent of its grand bargain goal.

07/16/2014

(Credit: Bill Pugliano/Getty Images)

DIA To Make Major Grand Bargain Announcement Wednesday

A major announcement is expected in a deal that promises millions of dollars to support municipal retiree pensions while protecting city-owned artwork from possible sale as part of Detroit’s bankruptcy.

WWJ Newsradio 950–07/16/2014

Federal Court In Detroit (Photo by Bill Pugliano/Getty Images)

Detroit Bankruptcy Judge Opens Court To Critics

Dozens of people will have five minutes each to object to Detroit’s plan to get out of bankruptcy.

WWJ Newsradio 950–07/15/2014

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