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Detroit Bankruptcy Creditors Want Access To Art

May 15, 2014

Valuable art is back on the docket in Detroit's bankruptcy case. 

Detroit Institute of Arts
Credit Jason Mrachina / Flickr.com

A judge is holding a hearing Thursday on many issues, including a request by some creditors to force the city to work on ways to make money from art at the Detroit Institute of Arts.

Detroit emergency manager Kevyn Orr doesn't want to touch the art. There's a plan to raise $816 million to prevent the sale of art and soften pension cuts to city retirees.

But some big financial creditors are dissatisfied.  They want Judge Steven Rhodes to allow them to inspect art at the DIA in order to develop some bids.