Detroit Retirees Back Museum Spin-Off

July 22nd, 2014

Detroit Institute of Arts, via WSJDetroit retirees have passed a vote resolving to allow the Detroit Institute of Arts to spin-off as its own institution, and to accept pension cuts, reflecting what many believe to be the popular opinion towards the city’s art collection and its ability to recover.  “The voting shows strong support for the city’s plan to adjust its debts and for the investment necessary to provide essential services and put Detroit on secure financial footing,” said Detroit emergency manager Kevyn Orr.

Read more at Detroit Free Press