Detroit museum optimistic after Snyder's remarks

By: Associated Press Email
By: Associated Press Email
The Detroit Institute of Arts says it

Typical American city skyline (Detroit, Michigan)

DETROIT (AP) - 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 Friday 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.

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