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>>

  • Fatal Arizona gun range accident with child raises local questions

    Fatal Arizona gun range accident with child raises local questions

    Wednesday, August 27 2014 10:53 PM EDT2014-08-28 02:53:29 GMT
    A 9-year-old girl accidentally killed a gun range instructor recently, captured on video and sparking national and local debate.
    A 9-year-old girl accidentally killed a gun range instructor recently, captured on video and sparking national and local debate.
  • Two shot at Eastland Center mall

    Two shot at Eastland Center mall

    Wednesday, August 27 2014 10:21 PM EDT2014-08-28 02:21:03 GMT
    Police responded to a shooting of a man and woman at Eastland Center Mall, 18000 Vernier Road Wednesday.
    Police responded to a shooting of a man and woman at Eastland Center Mall, 18000 Vernier Road Wednesday.
  • Deadly crash on I-275 as car hits semi truck

    Deadly crash on I-275 as car hits semi truck

    Wednesday, August 27 2014 10:13 PM EDT2014-08-28 02:13:49 GMT
    A driver on the wrong side of the highway on I-275 slammed into a semi truck in Monroe County Wednesday night.
    A driver on the wrong side of the highway on I-275 slammed into a semi truck in Monroe County Wednesday night.
  • 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 | New Terms of Service What's new | Ad Choices