In Detroit bankruptcy, what will happen to DIA?

[Richard]

So assets are leveraged to cure a short term problem ,what happens after long term and how does one raise funds from bond sales for future growth with no assets? Its kinda hard to plant seeds on preceived notions.

[Coaccession]

So assets are leveraged to cure a short term problem ,what happens after long term and how does one raise funds from bond sales for future growth with no assets? Its kinda hard to plant seeds on preceived notions.

Richard, you're thinking conventional sales, but Detroit can innovate to have its Monet and money too. True, once it has the money from the Monet it can't go back to that same well again, but if the City creates a Detroit Arts Endowment with the money that investors store in the financial value of the City's Monet, it can use the capital earnings from that cash endowment to fund essential services as well as ongoing investments in the arts, sciences and humanities that have created this magnificent cultural and financial endowment for the City, its residents and its visitors.

Presuming that a Detroit liberally supplied with essential services as well as major new investments in the arts, sciences and humanities actually attracts new residents and visitors by allowing Detroit's natural advantages to shine through once again, then rising property values and personal incomes will give Detroit the backing for new bond sales. Of course, with many, many millions in new revenues coming from the Detroit Arts Endowment, perhaps the City government will find a way to live within its newly-expanded means.