Foundations Keep Detroit Art Off The Auction Block | WAMU 88.5 - American University Radio
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Foundations Keep Detroit Art Off The Auction Block

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In Detroit, a group of local and national foundations has pledged more than $330 million to keep the city from auctioning off assets from the Detroit Institute of Art. The purpose of the deal is twofold: to preserve the collection and to raise money for the city's underfunded pension plans.
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