Detroit Retirees Almost Agreed to Try to Force KIA Art Sale

5:03 pm
Fri May 16, 2014

Detroit Retirees Almost Agreed to Try to Force KIA Art Sale

Lead in text: 
The proposal fell apart a few months ago after the state stepped in.
Detroit retirees nearly joined with creditors last fall to try to force the sale of the Detroit Institute of Arts' masterpieces and other assets, but a pledge of millions from the state persuaded retirees to abandon the plan, according to interviews and confidential documents obtained by the Free Press.