LANSING (WKZO) -- Detroit Emergency Manager Kevyn Orr is continuing a push to get state financial support for an intricate agreement allowing the city to emerge from bankruptcy. Private foundations and the Detroit Institute of Arts have pledged contributions to the so-called grand bargain, with a state commitment of 350-million dollars over 20 years still needed
Orr told a Michigan House committee that Detroit pensioners would absorb a severe hit if the arrangement fails. The funds would also protect the DIA collection from city creditors.
Hearings on a ten-bill package in the Legislature are likely to continue into next week.