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Detroit Area Tries to Protect World-Class Art from Bankruptcy

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A Detroit metropolitan county is threatening to cut funding to the city's art museum if Detroit's bankruptcy filing leads to the sale of any of its collection, which includes works by Vincent van Gogh, Rembrandt and Diego Rivera, Reuters reported yesterday. The Oakland County Art Institute Authority will vote next Tuesday on whether to stop distributing property tax revenue to the Detroit Institute of Art (DIA) if Detroit's emergency manager decides to sell any of its artwork or divert funds from the museum to pay the city's creditors. Last year, voters in suburban Oakland, Wayne and Macomb counties approved a property tax levy to provide the DIA up to $23 million annually for its operations. Oakland County taxpayers were expected to provide $9.8 million of the total.