
It sounds like it might be a long shot.
But Mark Stryker of the Detroit Free Press that Detroit Institute of Arts is pitching a plan to Gov. Rick Snyder that might have the state put up hundreds of millions of dollars to help the DIA keep art intact and prevent it from being sold at auction in bankruptcy proceedings.
Stryker writes:
The proposal might also involve a transfer of ownership of the museum building and art from Detroit to the state or the private nonprofit organization that currently runs the museums under an operating agreement with the city.
DIA chief operating officer Annmarie Erickson said that under the draft proposal, which does not include specific figures, the state would provide an annual revenue stream that could reach roughly $20 million to $25 million a year over 20 or more years. That would reach the $400 million to $500 million that Detroit emergency manager Kevyn Orr’s office has repeatedly told the museum it wants to extract from the city-owned art at the DIA to help strike a deal with creditors. In return for state dollars, the city could possibly relinquish ownership — but the art would remain in place.
But the Freep reports this may not be well received in Lansing, calling it "a long shot."
An adviser for Gov. Rick Snyder called the idea a non-starter.