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Grand Bargain

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 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

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)

Detroit Pensioners On The Clock To Approve ‘Grand Bargain’

Retirees supporting the plan used the bill-signing ceremony to urge pensioners to vote yes on the deal.

WWJ Newsradio 950–06/21/2014

Gov, Rick Snyder holds up the signed "Grand Bargain" legislation. (credit: Vickie Thomas/WWJ)

Gov. Snyder Signs ‘Grand Bargain’ Bills, Committing $195 Million To Detroit

The governor, in Detroit Friday, has signed legislation committing $195 million to help push the city through bankruptcy and protect pensions.

WWJ Newsradio 950–06/20/2014

A couple looks at a painting at the Detroit Institute of Arts (DIA) on September 3, 2013. (Credit: Andrew Burton/Getty Images)

Automakers Pledge $26M To Help Save Detroit’s Art Treasures

Of the $26 million, $10 million will come from Ford Motor Co., $6 million from Chrysler Group LLC, $5 million from General Motors Co. and $5 million from the General Motors Foundation.

CBS 62–06/09/2014

(Photo by Bill Pugliano/Getty Images)

Detroit Institute Of Arts To Make ‘Major Announcement’ Regarding ‘Grand Bargain’

Some creditors want Detroit to sell the art to help settle the city’s debt.

WWJ Newsradio 950–06/07/2014

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