Archinect - News 2024-11-21T22:14:43-05:00 https://archinect.com/news/article/101090023/a-victory-for-detroit-institute-of-arts A victory for Detroit Institute of Arts Alexander Walter 2014-06-04T13:21:00-04:00 >2014-06-10T19:22:44-04:00 <img src="https://archinect.gumlet.io/uploads/25/25b08bc54871b42be6cc365e4173eaf2?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>The collection of the Detroit Institute of Arts (DIA) is inching closer to safety. The Michigan State Legislature agreed yesterday to contribute $350m over the next 20 years to protect the museum&rsquo;s works of art and shore up Detroit&rsquo;s ailing pension funds. The state&rsquo;s governor Rick Snyder is expected to sign the bill, which is part of a package to help settle the city&rsquo;s bankruptcy, by the end of the week.</p></em><br /><br /><p>Previously: <a href="http://archinect.com/news/article/91141837/detroit-institute-of-arts-330-million-pledged-to-save-the-city-s-art-collection" rel="nofollow" target="_blank">Detroit Institute of Arts: $330 million pledged to save the city's art collection</a></p> https://archinect.com/news/article/91141837/detroit-institute-of-arts-330-million-pledged-to-save-the-city-s-art-collection Detroit Institute of Arts: $330 million pledged to save the city's art collection Alexander Walter 2014-01-13T13:35:00-05:00 >2014-01-13T13:36:54-05:00 <img src="https://archinect.gumlet.io/uploads/78/78e633455569af6c695573aad2737f25?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>National and local foundations have pledged more than $330 million to a fund to protect city-owned art at the Detroit Institute of Arts from being auctioned off, mediators in Detroit&rsquo;s bankruptcy announced Monday. A statement from Chief U.S. District Court Judge Gerald Rosen&rsquo;s team of mediators called the financial commitments &ldquo;an extraordinary and unprecedented effort&rdquo; to preserve the art collection and raise money for Detroit&rsquo;s underfunded pension funds.</p></em><br /><br /><p> Previously: <a href="http://archinect.com/news/article/78905803/detroit-s-venal-art-sale-no-fix-for-urban-nightmare" rel="nofollow" target="_blank">Detroit&rsquo;s Venal Art Sale No Fix for Urban Nightmare</a></p>