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Governor Snyder signs bailout bill for Motown

DETROIT (WTVB) - Michigan Governor Rick Snyder has signed off on legislation to implement a "grand bargain" in an effort to help the city of Detroit emerge from bankruptcy.  Detroit Emergency Manager Kevyn Orr says it doesn't solve all of the problems facing the Motor City, but it is a start. Calling the grand bargain truly grand, the governor said on Friday that it's a great example of bi-partisan political, public and foundation cooperation.  The grand bargain sends 194.5 million dollars of state aid to shore-up Detroit's pension system and avoid a sale of city-owned artwork at the Detroit Institute of Arts.

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