By the summer of 2013, Detroit was flat broke, with one truly sizable asset: a collection of masterpieces held by the Detroit Institute of Arts. To cover the city's debts, creditors wanted to put the collection on the auction block. Pundits around the world were writing Detroit’s obituary. Liquidating the art threatened to become the final exclamation point.
Hon. Gerald E. Rosen (Ret.), chief mediator in the largest municipal bankruptcy in American history and architect of the “Grand Bargain” that saved Detroit and the DIA’s priceless collection, reveals the inside story of how Detroit was rescued from oblivion.
Books will be available for purchase.
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