DIA Struggles For Solvency

The Detroit Institute of the Arts is midway through a decade-long fundraising campaign intended to put the museum on firm fiscal ground for the foreseeable future, and many in the community had assumed that the DIA was well on its way to success. But last week, executives announced that its original goal of $331 million was not nearly enough to cope with structural issues and unforeseen costs (such as $40 million for asbestos removal.) The new goal is $410 million, to be raised within the next ten years.