Grand Bargain - Hardcover

Gerald E. Rosen

Hardcover

ISBN 10: 1938018281 ISBN 13: 9781938018282

Verlag: Hour Media, 2024

Inhaltsangabe

The city of Detroit’s decades-long downward spiral crash-landed in bankruptcy court on July 18, 2013. Recession, decaying infrastructure, crime, and competition from foreign automakers had hollowed out the city’s economic core. Indeed, Detroit was in such bad shape that Michigan’s governor had to appoint an emergency manager to take over the city, replacing its elected leaders. But even that was not enough to turn it around. By the summer of 2013, Detroit was flat broke. What would happen to a major American city that had no money and no realistic prospect for raising any? Detroit had only one truly sizable asset: a collection of masterpieces held by the city-owned Detroit Institute of Arts. And now the city’s creditors wanted to “monetize” that world-renowned collection by putting it on the auction block to cover the city’s debts. Pundits around the world were writing Detroit’s obituary—and liquidating the art threatened to become the exclamation point at the very end of it. In Grand Bargain, Gerald E. Rosen—the chief mediator in the largest municipal bankruptcy in American history and architect of the “Grand Bargain” that saved the DIA’s priceless collection—tells the dramatic inside story of how Detroit was rescued from the brink of oblivion.

Details zur Ausgabe

• Verlag: Hour Media
• Erscheinungsdatum: 2024
• Sprache: Englisch
• ISBN 10: 1938018281
• ISBN 13: 9781938018282
• Einband: Gebundene Ausgabe
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar