Detroit museum optimistic after Snyder's remarks

12/20/2013

DETROIT  — The Detroit Institute of Arts says it’s optimistic following comments by Gov. Rick Snyder about prospects for avoiding the sale of art as part of Detroit’s bankruptcy.

Snyder said Thursday in an interview with The Detroit News editorial board that the state could help broker a deal by supporting a fund to protect the museum’s collection. State House Republican leaders also expressed interest Thursday.

The museum released a statement today saying it’s “pleased that the negotiations around the thoughtful and creative plan ... continue to progress.”

Donors have pledged $5 million to help offset expected losses by city pensioners in emergency manager Kevyn Orr’s restructuring plan and help prevent the sale of the artwork. A mediator asked foundations to raise $500 million to keep the artwork from being sold.