Stateside
3:00 pm
Tue May 20, 2014

Should businesses donate to help Detroit through bankruptcy?

Detroit's skyline.
Credit Lester Graham / Michigan Radio

A state House committee is expected to vote today on Michigan's proposed contribution to the "grand bargain."

That's the name of the agreement that softens the blow to city pensioners, while protecting city-owned treasures at the Detroit Institute of Arts.

The $816 million grand bargain draws money from local and national foundations, the state, and the DIA.

Detroit Free Press business columnist Tom Walsh believes it is time for another face at the grand bargain table: business.

In a recent column, Walsh said, "The business sector must ante up to get Detroit out of bankruptcy fast."

He joined us to explain to us why.

Listen to the full interview above.