Federal Judge Gives First Hint Of Detroit Art Collection’s Status In City’s Bankruptcy

“‘A one-time infusion of cash by selling an asset,’ he [wrote], would have only delayed the city’s ‘inevitable financial failure’ unless it could have also come up with a sustainable way to enhance income and reduce expenses. Judge Rhodes added that in considering selling assets, a city ‘must take extreme care that the asset is truly unnecessary in carrying out its mission’.”

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