grand bargain

Having secured court approval for its bankruptcy restructuring last week, Detroit is now ready to emerge from bankruptcy.But some Detroit residents and…

Detroit’s bankruptcy trial wrapped up Monday with closing arguments.At issue: whether the city’s plan of adjustment to restructure its debt is “fair and…

A New York lender called Art Capital Group is offering a $4 billion loan to the city of Detroit if it puts up its art collection as collateral.Detroit…

Detroit retirees voted overwhelmingly to approve emergency manager Kevyn Orr's plan of adjustment.That plan includes the unprecedented "grand bargain"--a…

The proposed "grand bargain" that would soften the blow to Detroit pensioners while preserving the city's art collection has cleared a major hurdle.That's…

We should know how Detroit retirees voted on the proposed “grand bargain” later today.City pensioners had until July 11th to vote on the city’s bankruptcy…

Tomorrow afternoon at 4:06 is the one-year anniversary of the largest municipal bankruptcy in American history.Detroit News Business Columnist Daniel…

The Detroit Institute of Arts is closer to fully funding its portion of the “grand bargain.”The museum announced $26.8 million in additional corporate…

Today was the deadline for Detroit retirees to vote on the city’s bankruptcy restructuring plan, known formally as a “plan of adjustment.”The California…

A new appraisal of the Detroit Institute of Arts' collection has found the works could be worth between $2.7 billion and $4.6 billion dollars. That's a…