|Detroit finances put cultural institutions on edge|
|Written by Associated Press|
|Friday, 31 May 2013 05:16|
DETROIT (AP) — Cultural institutions with assets or collections that are tied to the city of Detroit are concerned about their own future after word that the Detroit Institute of Arts' collection could be sold to help satisfy creditors if Detroit seeks bankruptcy protection.
The Detroit News reports (http://bit.ly/10DZFo4 ) Friday that officials with the Detroit Historical Society, which rotates artifacts from its 250,000-piece collection between two Detroit museums, said they're determining next steps.
The Charles H. Wright Museum of African American History, Historic Fort Wayne and the Detroit Zoo also are among the institutions that could be at risk.
Detroit's state-appointed emergency manager Kevyn Orr last week said the DIA's collection could face sale if Detroit seeks bankruptcy protection.
Orr spokesman Bill Nowling says no decisions have been made to sell any assets.
Information from: The Detroit News, http://detnews.com/
Copyright 2013 The Associated Press.
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