Detroit art museum reaches $100M grand bargain goal

January 6, 2015 8:32 AM

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The Detroit Institute of Art has reached its goal of raising $100 million over 20 years to help fund the city's bankruptcy restructuring plan.

The Detroit Free Press (http://on.freep.com/1xMN4kN ) reports the current total pledges from the museum amount to about $90 million. DIA board chair Gene Gargaro says accelerated payment schedules of donors helped account for the remaining $10 million by the end of December. But the museum declined ...

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