Detroit Art could solve city’s debt problem

The art collection owned by the city of Detroit is estimated to be worth billions of dollars.  For creditors and retirees, the money from a sale of the city’s art collection would go a long way toward paying off the city’s $18 million of debt.  However, the suggestion of selling the city’s art collection has angered many and raised serious issues about what should be sold when a city files bankruptcy.  As groups and individuals from all over the United States work toward a way to save the art collection, its remains to be seen whether the citizens of Detroit will still have an impressive art collection once the bankruptcy case is over.

For more read, “Art’s value in society big question in Detroit bankruptcy.”