Grand Bargain

Michigan Gov. Rick Snyder (left) and Detroit's emergency manager Kevin Orr (right) discuss Detroit's bankruptcy filing at a news conference July 19, 2013 in Detroit. (Credit: Bill Pugliano/Getty Images)

Gov. Snyder Says Detroit Is Stronger As City Emerges From Bankruptcy

“People will long remember that when Detroit arrived at this troubling hour…”

WWJ Newsradio 950–11/07/2014

(Photo by Bill Pugliano/Getty Images)

Japanese Businesses Back Detroit’s Bankruptcy Deal, Pledge $2.2 Million To DIA

Most of donation will be used for the DIA’s $100 million commitment to the so-called grand bargain. The rest will go toward reinstalling the museum’s Japanese collection in a new gallery.

WWJ Newsradio 950–11/06/2014

(Credit: Bill Pugliano/Getty Images)

Detroit Bankruptcy Trial On Hold After Deal With Major Creditor

A judge has suspended Detroit’s bankruptcy trial until Monday to give the city more time to work out details of a settlement with a major creditor.

WWJ Newsradio 950–09/10/2014

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

Detroit, Key Bankruptcy Plan Opponent Reach Deal

The joint filing by the city and bond insurer Syncora Guarantee said that they “have reached an agreement in principle” to settle the company’s $400 million claim in the nation’s largest-ever municipal bankruptcy case.

WWJ Newsradio 950–09/09/2014

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

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

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

Detroit Retirees Vote In Favor Of Pension Cuts

A judge still must hold a trial to determine if Detroit’s overall bankruptcy plan is fair and feasible, but support from retirees is vital.

WWJ Newsradio 950–07/21/2014

(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

Gov. Rick Snyder speaks about the passage of the Grand Bargain. (Credit/Michigan Gov)

Detroit Pensioners On The Clock To Decide Fate Of ‘Grand Bargain’

Thousands of Detroit retirees and city employees must have their ballots on the city’s plan of adjustment in the bankruptcy case turned in this week.

WWJ Newsradio 950–07/07/2014

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