Bloomberg Writer: Detroit should sell artwork to more deserving city
“Great artworks shouldn’t be held hostage by a relatively unpopular museum in a declining region,” the columnist writes.
“Great artworks shouldn’t be held hostage by a relatively unpopular museum in a declining region,” the columnist writes.
A leading Republican in the Michigan legislature introduced a bill Wednesday aimed at protecting the Detroit Institute of the Arts’ world-class collection from a sale to shrink the cit’s enormous $15 billion in long-term debt.
It’s not easy being a taxpayer in Detroit. Property taxes are disproportionately high, yet city services are abysmal. The income tax rate is the highest in the state, but an obscenely high portion of the money is spent paying back debts from years past. And today, as the city and its suburban communities decide at the ballot […]
In an era of declining municipal revenue, it would appear George Orwell is alive and well. How else can you explain the logic of asking for more money from homeowners for the arts when budgets for core services like public safety, schools, and badly needed infrastructure repair are being cut back year after year? The […]