Detroit Institute Of Arts Joins Talks For Control Of Its Art

“The Detroit Institute of Arts embraced publicly, for the first time, the broad outline of a federally mediated deal that would protect its art from sale and spin off the museum from city ownership into an independent nonprofit. The deal would raise roughly $500 million from a consortium of national and local charitable foundations and funnel the money into retiree pensions on behalf of the value of the art at the DIA.”