Following Monday’s announcement that nine federal and local cultural foundations have pledged $330 million to bolster pension funds and save DIA artwork from the auction block, the Detroit Free Press gathered this tidy summary of the hopes, plans and caveats involved in the bankrupt city’s mediation procedures.
Throughout all, U.S. Chief District Judge Gerald Rosen shines as a truly creative thinker and a pro-active force par none, creating, as the Free Press puts it, “an unprecedented coalition of foundation support for a troubled American city and a bold stroke of out-of-the-box creativity.”
See also this editorial: What still needs to happen to save the DIA and Detroit’s pensions
The Art Machine 