A lender has offered Detroit a loan of up to $4 billion - but only if the city's art collection is held as collateral.The Detroit News reported that New York-based Art Capital Group offered the loan in the lead-up to Tuesday's trial on Detroit's bankruptcy exit plan, upping its initial offer of $2 billion to $3 billion, with a spokesman saying the company will offer as much as $4 billion.
Lender Offers Detroit $4b Loan If Dia Held As Collateral
RSS Feed from The Macomb Daily: http://www.macombdaily.com, The Macomb Daily
Wed, 08/27/2014 - 10:39am
Sections: u.s.
Topics: Michigan Macomb County Mount Clemens
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