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DIA close to Grand Bargain goals

Posted July 16th, 2014 @ 2:53pm

Pledges made Wednesday to the Detroit Institute of Art brings it closer to its efforts to save the Motor City from bankruptcy, the museum said.

Donors ranging from Penske Corp. to Consumers Energy pledged a combined $26.8 million toward the institute's commitment to raise $100 million to help Detroit emerge from bankruptcy, support pensioners and protect the museum's art collection.

The donations are part of the so-called Grand Program, a multimillion-dollar deal aimed at helping the struggling Motor City.

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