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Fri October 4, 2013
Officials continue DIA assessment
DETROIT, MI (AP)-- Detroit's state-appointed emergency manager Kevyn Orr says the Christie's auction house will finish its assessment of 66,000 art pieces at the Detroit Institute of Arts this month, and he defends including their possible sale in the city's bankruptcy process.
Orr also said Thursday that he pushed forward with the city's bankruptcy filing because his window to fix the city's finances is short.
Orr has said Detroit is insolvent and owes $18 billion or more. He spoke about the city's finances Thursday at a Detroit Economic Club luncheon.
He says anyone concerned that Detroit's art museum might have to sell off part of its collection should take the lead in finding other ways to pay off the city's debts.
Orr says he has "an obligation to come up with a solution."