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Millions pledged to protect Detroit Institute of Arts works

A detail of the facade of the Detroit Institute of Arts is seen in Detroit, Michigan June 2, 2013. REUTERS/Rebecca Cook
A detail of the facade of the Detroit Institute of Arts is seen in Detroit, Michigan June 2, 2013. REUTERS/Rebecca Cook

DETROIT (WKZO) -- U.S. Chief District Judge Gerald Rosen says local and national foundations have offered 330-million dollars to protect artwork at the Detroit Institute of Arts and help Detroit's ailing pension funds.  Rosen is the mediator in the City of Detroit's Chapter 9 bankruptcy case.

Rosen released a statement saying that additional money from foundations is expected to be pledged.  Members of several local foundations have formed a committee trying to raise funds to prevent art from being sold to cover Detroit's debts.

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