Donors Pledge $330 Million to Save Detroit Institute of Arts Collection
Since Detroit filed for bankruptcy in July, 2013, the fates of the city's pension plan and its art collection have been uncertain. .
To help pay its bills, the city considered selling off art work from the Detroit Institute of Arts. Recently, however, a group of national and local foundations and private donors stepped up and pledged $330 million to help save the art collection from sale. Part of the Detroit Institute of Arts collection includes 130 pieces of wood art donated by collector Bob Bohlen.