Creative Detroit .... and this is creative

  • Posted by a hidden member.
    Log in to view his profile

    Sep 24, 2013 7:02 PM GMT
    http://on.aol.com/show/funded-517936933/episode/517943937?

    Great idea!
  • Posted by a hidden member.
    Log in to view his profile

    Sep 24, 2013 11:22 PM GMT
    Who think Detroit can pull themselves out of this?

    I remain hopeful and I think this is exactly the way it's going to get done .... from the bottom up.
  • Posted by a hidden member.
    Log in to view his profile

    Sep 28, 2013 2:57 PM GMT
    Will this actually help or send them back to the old way Detroit tends to do things?

    http://money.cnn.com/2013/09/27/news/economy/detroit-federal-help/index.html
  • Posted by a hidden member.
    Log in to view his profile

    Sep 29, 2013 1:55 PM GMT
    I suspect with all the people expecting DET to screw that 300 million( btw that's not a lot and I really don't see that as a real solution for much of anything)that there will be a ton of eyes on that $$$$$$$$ and watching where it goes.
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2013 4:31 AM GMT
    Forget about the $300 million. Sell the art ! The Detroit Institute of Arts has a collection of more than 60,000 pieces of art with a value of over $2.8 billion that they continued to assemble with taxpayer money even as Detroit was heading toward bankruptcy with an $11.5 Billion in unsecured debt. $300 million is a drop in the bucket. When Detroit is devolving into chaos, what the hell do the need with an almost $3 Billion art collection?
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2013 4:44 AM GMT
    http://www.freep.com/article/20130818/ENT05/308180068/dia-detroit-bankruptcy-art-christie-s

    "However, Todd Levin, a Detroit-born art adviser and director of the Levin Art Group in New York, said the value of the museum’s entire 60,000-piece collection would have to be significantly higher — “at least in the low to mid-11 figures,” he said.

    That would mean a value of at least $10 billion to $20 billion.

    Most of the works Christie’s will appraise were bought between 1920 and 1930, after the DIA became a city department in 1919. Flush with cash, a booming Detroit went on a buying spree, landing European masterpieces by the score. The party ended with the Great Depression, and city-funded acquisitions stopped completely in 1955."
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2013 4:50 AM GMT
    http://www.freep.com/interactive/article/20130526/ENT05/305260067/DIA-sale-arts-Detroit-bankruptcy
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2013 4:33 PM GMT
    Art wont be sold due to the big taboos of selling art that is donated etc etc. And also the fact that if sold they will never return. So from what I've read over the last few months the art has been appraised for book keeping purposes but WILL NOT BE SOLD.
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2013 4:35 PM GMT
    shybuffguy saidForget about the $300 million. Sell the art ! The Detroit Institute of Arts has a collection of more than 60,000 pieces of art with a value of over $2.8 billion that they continued to assemble with taxpayer money even as Detroit was heading toward bankruptcy with an $11.5 Billion in unsecured debt. $300 million is a drop in the bucket. When Detroit is devolving into chaos, what the hell do the need with an almost $3 Billion art collection?



    SHY: DET isn't some 3rd world country where you have to being your own bomb shelter, are there BAD AREAS?.... YEP just as in LA, NYC, East ST louis etc. But believe me downtown/ midtown( where the DIA is) is anything but a sea a chaos. icon_biggrin.gif
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2013 6:05 PM GMT
    lookinforcars101 said
    shybuffguy saidForget about the $300 million. Sell the art ! The Detroit Institute of Arts has a collection of more than 60,000 pieces of art with a value of over $2.8 billion that they continued to assemble with taxpayer money even as Detroit was heading toward bankruptcy with an $11.5 Billion in unsecured debt. $300 million is a drop in the bucket. When Detroit is devolving into chaos, what the hell do the need with an almost $3 Billion art collection?



    SHY: DET isn't some 3rd world country where you have to being your own bomb shelter, are there BAD AREAS?.... YEP just as in LA, NYC, East ST louis etc. But believe me downtown/ midtown( where the DIA is) is anything but a sea a chaos. icon_biggrin.gif


    If you're going up Woodward it's more from the Edsel Ford up to Palmer park. After you get past 8 mile heading north, it gets pretty damn nice.