360° Coverage : Michigan business: Hantz Woodlands gets green light; judge OKs...

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Michigan business: Hantz Woodlands gets green light; judge OKs bid for A123 sale

Source: Detroit Free Press, Dec 12 2012, 8:12am CST

Here is a roundup of Michigan business news: Hantz Woodlands gets green light from Detroit City Council More than a mere land sale, the Detroit City Council's 5-4 vote Tuesday to sell about 1,500 lots to the Hantz Woodlands project ke ...

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Update
10

13 hours ago

Nissan price cuts boost its U.S. market, threatening Detroit

Source: New Haven Register  |   Jun 18 2013, 2:27pm CDT

Nissan's take-no-prisoners approach to gaining U.S. market share has the auto industry worried that a price war is brewing that will erode the profit progress made since the recession ravaged auto sales. After cutting prices on seven models and boosting ...

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Update
9

18 hours ago

EMAIL: Jason Irla on Detroit

Source: Two Coats of Paint  |   Jun 18 2013, 9:27am CDT

The other night after I saw Detropia, a moving documentary about post-industrial America and Detroit's dire financial crisis, I advised on Twitter that MFA grads should consider moving there to help revitalize the city be ...

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Update
8

1 day ago

Hoffa Remains Sought in Michigan Field by FBI

Source: Softpedia  |   Jun 18 2013, 2:05am CDT

The FBI have started digging up a field in Michigan in a bid to unearth the remains of Jimmy Hoffa, CBS Detroit reports. Hoffa's burial spot is one of Detroit's best kept mysteries, and cops have been trying to crack this one for d ...

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Update
7

1 day ago

AG: Motor City Can’t Sell Masterworks to Pay Down Debt

Source: The Nonprofit Quarterly  |   Jun 17 2013, 9:36am CDT

Score one rare victory for long-term thinking in American government. Michigan state Attorney General Bill Schuette stated in an official opinion Thursday that the cash-strapped City of Detroit cannot sell off valuable artwork ...

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Update
6

1 day ago

The Detroit Institute of Arts' masterpieces are safe, for now

Source: Los Angeles Times  |   Jun 17 2013, 9:09am CDT

Michigan’s Atty. Gen. Bill Schuette asserted his formal opinion that the museum’s art collection could not be sold by the city to help pay off its massive $15 billion to $17 billion in debt. The collection i ...

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Update
5

1 day ago

Detroit Attorney General Says DIACan't Sell Its Art

Source: ArtsJournal  |   Jun 17 2013, 6:54am CDT

"The art collection of the Detroit Institute of Arts is held by the City of Detroit in charitable trust for the people of Michigan, and no piece in the collection may thus be sold, conveyed, or transferred to satisfy city debts or obligations." D ...

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Update
4

2 days ago

How Michigan can fight blight in urban areas: Join us for a live chat

Source: MLive.com  |   Jun 16 2013, 11:01am CDT

An excavator tears down the last section of an abandoned house on Oklahoma Avenue in Flint's east side in 2011.MLive File Photo So how will this affect those communities, as well as the state of Michigan? How ...

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Update
3

3 days ago

POLI-TICKER: Michigan Attorney General Bill Schuette says no to sale of Detroit Institute of Arts artwork

Source: The News Herald  |   Jun 15 2013, 2:06pm CDT

Detroit can’t sell works of art from the Detroit Institute of Arts to solve its financial difficulties, even if the city is the owner of the art. So says Michigan Attorney General Bill Schuette, who released his opinion early Thursday afternoon ...

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Update
2

3 days ago

Michigan attorney general: Detroit can’t sell its art collection

Source: Salon  |   Jun 15 2013, 7:46am CDT

“The art collection of the Detroit Institute of Arts is held by the City of Detroit in charitable trust for the people of Michigan, and no piece in the collection may thus be sold, conveyed, or transferred to satisfy city debts or oblig ...

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Update
1

3 days ago

Debt-defaulting Detroit on bankruptcy's brink

Source: Al Jazeera  |   Jun 15 2013, 6:05am CDT

The troubled US city of Detroit has defaulted on its debt payments as it threatened to become the country's largest ever municipal bankruptcy. Detroit imposed a moratorium, or suspension, on some debt payments effective Friday to preserve ...

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