LIVE EVENT: Governor, DIA to make 'major announcement'

LIVE EVENT: Governor, DIA to make 'major announcement'

Posted: Updated:
DETROIT (AP) -- Michigan Gov. Rick Snyder is among officials expected to gather at The Detroit Institute of Arts to make what's been called a "major announcement" about a plan to help the city emerge from bankruptcy.
 
Snyder will speak Monday about the so-called grand bargain, which would preserve retiree pension benefits while protecting city-owned artwork at the DIA.
 
The museum wouldn't provide details, but an official recently told the Detroit Free Press that more information about donors would be announced soon.
 
About 2,800 city-owned artworks have been valued at between $454 million and $867 million. Some creditors want art sold to help settle debts.
 
The plan combines state funds with commitments from foundations and the art museum to shore up retirement systems and transfers the DIA's assets to a private nonprofit.

  • Local NewsLocal NewsMore>>

  • Armada teen, April Millsap, killed while out walking the dog

    Armada teen, April Millsap, killed while out walking the dog

    Friday, July 25 2014 6:06 PM EDT2014-07-25 22:06:19 GMT
    Police say the body of 14-year-old girl, April Millsap, has been found in a wooded area near a recreational trail in the Macomb County village of Armada. Police say her death has been ruled a homicide.
    Police say the body of 14-year-old girl, April Millsap, has been found in a wooded area near a recreational trail in the Macomb County village of Armada. Police say her death has been ruled a homicide.
  • How to handle a dog attack

    How to handle a dog attack

    Friday, July 25 2014 5:48 PM EDT2014-07-25 21:48:45 GMT
    After a 46-year-old jogger was killed in a dog attack, a local expert gives advise on what to do if you're attacked by a dog.
    After a 46-year-old jogger was killed in a dog attack, a local expert gives advise on what to do if you're attacked by a dog.
  • New hearing aid technology syncs with your iPhone

    New hearing aid technology syncs with your iPhone

    Friday, July 25 2014 5:43 PM EDT2014-07-25 21:43:09 GMT
    Ten percent of Americans have some hearing loss but most of the people who could get help from a hearing aid won't wear because they are embarrassed. But now, new technology may change the way we feel about hearing.
    Ten percent of Americans have some hearing loss but most of the people who could get help from a hearing aid won't wear because they are embarrassed. But now, new technology may change the way we feel about hearing.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices