Detroit Creditors Say Billion-Dollar Offers in Hand for Art – Philanthropy Today - Blogs - The Chronicle of Philanthropy

Detroit Creditors Say Billion-Dollar Offers in Hand for Art – Philanthropy Today - Blogs - The Chronicle of Philanthropy: With support from major creditors in Detroit’s bankruptcy case, a bond insurer has solicited bids to buy some or all of the Detroit Institute of Arts collection, a move aimed at undercutting the “grand bargain” to preserve the museum’s holdings with a mix of state and philanthropic funds, the Detroit Free Press and The New York Times write.