Tag Archives: pension plan

Detroit and its art: an overview

Posted on: May 29, 2014 by Hélène Deslauriers

The City of Detroit is bankrupt. It owes $18 billion, including $3.5 billion in pension obligations. But the City of Detroit also owns the Detroit Institute of Arts (the ‘DIA’), which houses one of America’s richest art collection, the sixth largest in the USA. It boasts works by Degas, Van Gogh, Matisse, Brueghel the Elder and the […]