FILE–In this July 10, 2012 file photo, Auguste Rodin’s sculpture “The Thinker” is shown outside The Detroit Institute of Arts in Detroit. Officials say the Detroit Institute of Arts’ collection could be sold to help satisfy creditors if the financially troubled city of Detroit seeks bankruptcy protection. The city’s state-appointed emergency manager Kevyn Orr is considering [auth] whether the collection should be considered city assets that could be sold to cover Detroit’s long-term debt. The debt is estimated at more than $14 billion. (AP Photo/Paul Sancya)
MACKINAC ISLAND, Mich. (AP) — Michigan Gov. Rick Snyder says he hopes Detroit’s financial crisis doesn’t force emergency manager Kevyn Orr to sell off items from the collection of the Detroit Institute of Arts.
Orr says the DIA’s collection could face sale if Detroit seeks bankruptcy protection. The museum opened in 1885 and has more than 60,000 artworks.
Interviewed at a conference on Mackinac Island, Snyder tells the Detroit Free Press and The Detroit News he won’t rule out a sale of the museum’s collection.
Snyder does say that the DIA is “important to the livelihood of the city” and that “the goal is not to sell the assets of the DIA in a wholesale fashion.”
He put Orr in charge of Detroit’s finances because of persistent deficits and a long-term debt of $14 billion.