Millionaire to give $5M toward protecting DIA art and Detroit pensions; who's next? »

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A. Paul Schaap said he plans to meet today with U.S. Chief District Judge Gerald Rosen, who is serving as mediator in Detroit's bankruptcy case. Rosen has been trying to persuade at least 10 charitable foundations to put up $500 million to spin off the DIA from the city, which could then use the money to reduce pension cuts and improve services. Source Main page (current trends)

More about: A. Paul Schaap, bankruptcy case, charitable foundations, Chief District Judge Gerald Rosen, detroit

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