Detroit bankruptcy

7:23 am
Mon January 27, 2014

Snyder considers options to pay for assistance with DIA and Detroit pensions

Lead in text: 
Governor wants to use state aid to protect art and pensions during bankruptcy proceedings
Lansing Gov. Rick Snyders administration is considering whether to borrow $350 million to pump into Detroits pension funds or set aside $17.5 million in annual payments for the next 20 years from the states tobacco lawsuit settlement fund.
7:15 am
Thu January 23, 2014

Governor Snyder wants $350-million in state money to protect Detroit pensions, DIA artwork

Lead in text: 
Snyder and House Speaker Bolger say settlement will benefit entire state
LANSING, MI -- Michigan Gov. Rick Snyder, stressing the statewide importance of a strong Detroit, confirmed Wednesday a plan to bolster retiree pensions as part of a possible settlement to speed up the city's ongoing bankruptcy case.
6:23 am
Wed January 22, 2014

Snyder expected to announce plan on Detroit Institute of Arts, city pensions

Lead in text: 
Governor had proposed a $350-million commitment from state. No details of potential deal released
LANSING - Gov. Rick Snyder met Tuesday with leaders of the Legislature in an attempt to reach a state funding deal to protect Detroit pensioners and the Detroit Institute of Arts collection from ongoing Chapter 9 bankruptcy proceedings in Michigan's largest city.
11:01 am
Thu January 16, 2014

Snyder proposes $350-million for Detroit pensions, DIA collection

Lead in text: 
Snyder met privately with lawmakers on Wednesday to pitch idea
LANSING, MI -- Michigan Gov. Rick Snyder is interested in using state money to help shore up Detroit pensions and protect artwork from being sold to appease creditors during the city's ongoing bankruptcy case.
11:39 am
Mon January 13, 2014

Foundations pledge $330-million to preserve art at Detroit Institute of Arts

Lead in text: 
Kellogg Foundation hasn't yet committed
Detroit— National and local foundations have pledged more than $330 million to a fund to protect city-owned art at the Detroit Institute of Arts from being auctioned off, mediators in Detroit’s bankruptcy announced Monday.