Emergency Manager seeks to extort $100 million from Detroit Institute of Arts - World Socialist Web Site
▻http://www.wsws.org/en/articles/2014/01/18/detr-j18.html
Detroit Emergency Manager Kevyn Orr met with officials from the Detroit Institute of Arts Thursday to demand that the museum contribute $100 million to the “rescue” package being assembled by Governor Rick Snyder and a group of wealthy foundations, including the Ford Foundation, the Kresge Foundation and the John S. and James L. Knight Foundation.
The proposed deal would raise $330 million from the nine foundations and another $350 million from the state, with the money supposedly going to “protect” the DIA and city workers’ pensions from the impact of the bankruptcy.