U.S. Chief District Judge Gerald Rosen announced today that several foundations have pledged a total of $330 million to help Detroit’s unpaid pensions and to further prevent the de-accessioning of the Detroit Institute of Arts. The Detroit Free Press cautions that “the pledges do not by themselves mean that pensions and DIA art are now beyond the reach of creditors,” but will work toward “an overall balanced settlement of disputes in the bankruptcy.” The organizations themselves released a statement this afternoon, which you can read in full below.
As we count our blessings this holiday season–I, for instance, ate a bag of Peanut M&Ms for dinner last night–let’s take a moment to consider Kevyn Orr, Detroit’s emergency manager and the man who started the ball rolling on the argument that the collection of the Detroit Institute of the Arts was not immune to Read More
The Detroit Institute of Arts has agreed to join a possible grand bargain overseen by a federal mediator that would protect the museum’s collection from Detroit’s creditors, the Detroit Free Press reports.
U.S. Chief District Judge Gerald Rosen “is pushing at least 10 national and local charitable foundations to funnel some $500 million into Read More
In a letter to The New York Times, Graham W.J. Beal, the director of the Detroit Institute of Arts, has a swift and rational response to the media’s quite sensational take on the possibility of the museum selling its collection to help pay off Detroit’s multibillion-dollar debt. It’s worth reading in full, but here’s the kicker:
“After two months of hectic coverage, I call upon journalists to resist the temptation to jump to disaster scenarios or to make the D.I.A.’s singular and highly complicated situation part of a broader story about the structural challenges faced by museums in general.”
There’s been a lot of ink spilled in the last few weeks over Detroit’s emergency manager, Kevyn Orr, discussing the hypothetical sale of the collection of the Detroit Institute of Arts to pay off the city’s estimated $18 billion debt. The discussion has become slightly more heated since Detroit filed for Chapter 9 bankruptcy one Read More
Bill Schuette, Michigan’s attorney general, issued a formal statement saying he believes that Detroit’s emergency manager cannot sell the holdings of the Detroit Institute of Arts to help settle the city’s debts. Read More
Even if the Michigan State Senate passes a bill that aims to shield the Detroit Institute of Arts’ collection from being sold off in the event of a bankruptcy hearing, the state’s House of Representatives is unlikely to take up the issue until the fall. The House’s spokesperson tells the Detroit Free Press that the body has no plans to vote on the issue until after its two-month recess, which begins later this month. Read More
The Detroit Institute of Arts recently expanded its free admission to include the surrounding counties of Wayne, Oakland and Macomb counties, following a vote yesterday that levies a property tax in those counties to support the museum. Attendance then tripled, over last year’s figure for the day. Read More
Museum of Contemporary Art Detroit Heads to Shanghai, Hosts Exhibition Featuring Destroy All Monsters
The ninth annual Shanghai Biennale, which runs Oct. 2, 2012 to March 31, 2013, features city’s rather than the usual country pavilions. As part of the biennale, the Museum of Contemporary Art Detroit has been selected to curate the Detroit pavilion. Read More