The Great Sell-Off: When Governments Struggle to Pay the Bills

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  • Detroit, Detroit News
  • Baltimore
  • Pennsylvania
  • New Jersey
  • Chicago, Illinois
  • France
  • Greece

Making Tough Decisions

The Detroit Free Press reports that emergency manager Kevyn Orr is considering the sale of some pieces at the city-owned Detroit Institute of Arts to help pay down about $15 billion of its mounting debt. But critics say the art collection, estimate value of more than $2.5 billion, should remain preserved for future generations and not a source of income in cash-strapped times. Read on for a look at other municipalities forced to make tough choices in hard fiscal times. Britt Middleton

(Photo: Courtesy of The Detroit Institute of Arts)