On Air Now


Listen Live Now » 98.5 FM Battle Creek, Michigan


Current Conditions(Battle Creek,MI 49017)

More Weather »
58° Feels Like: 58°
Wind: NNW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip


Partly Cloudy 65°


Clear 46°


Mostly Sunny 66°


Four-billion dollar loan offered to Detroit with DIA art as collateral

DETROIT (WKZO) -- The city of Detroit is being offered a four-billion dollar loan with one very large catch.

New York-based Art Capital Group says it will give the financially-troubled city the money if it puts up the city-owned collection at the Detroit Institute of Arts as collateral. A spokesman for Art Capital Group says their offer is a balanced and fair solution that offers Detroit the cash needed to pay creditors and improve services.

The city's bankruptcy trial is set to begin on Tuesday.