Photograph by Christian Heeb/laif/Redux

What Detroit Could Sell in Bankruptcy

  1. Motor City Selloff
    1

    Motor City Selloff

    If Detroit's application for bankruptcy protection is approved, the city will have great flexibility to choose how to restructure its books. The city will be able to renege on debts and sell off assets it owns. Here's a look at some of Detroit's most valuable holdings that could be vulnerable in bankruptcy.

    Photograph by Christian Heeb/laif/Redux
  2. Joe Louis Arena
    2

    Joe Louis Arena

    Championship banners and retired numbers of the Detroit Red Wings hockey team hang from the rafters above the ice at Joe Louis Arena, which sits on riverfront land. In June the city announced plans to build a new downtown arena for the Red Wings.

    Photograph by Bill Pugliano/Getty Images
  3. Detroit Zoo
    3

    Detroit Zoo

    Polar bears play at the Detroit Zoo, which is owned by the city but operated by the nonprofit Detroit Zoological Society. The zoo brings in more than $15 million a year through ticket sales and other revenue sources.

    Photograph by Bill Pugliano/AP Photo
  4. Detroit Historical Society
    4

    Detroit Historical Society

    A Motor City exhibition at the Detroit Historical Society, which runs two museums for the city. The museum collection includes about 60 rare cars that could be auctioned off.

    Photograph by Detroit Historical Society
  5. Detroit Institute of Arts
    5

    Detroit Institute of Arts

    The collection of the Detroit Institute of Arts, including The Thinker by Auguste Rodin and objects dating to the Renaissance, is valued at more than $2 billion. Michigan Attorney General Bill Schuette has said the artworks are held in a public trust and can’t be sold.

    Photograph by Bill Pugliano/Getty Images
  6. Self-Portrait of Van Gogh
    6

    Self-Portrait of Van Gogh

    One of Van Gogh’s self-portraits, an example of the collection at the Detroit Institute of Arts, is valued at $60 million, according to the Detroit Free Press.

    Photograph by Detroit Institute of Arts, USA / City of Detroit Purchase / The Bridgeman Art Library
  7. Campus Martius Park
    7

    Campus Martius Park

    Detroit’s Campus Martius Park sits in a mixed-use neighborhood in the downtown area.

    Photograph by Paul Warner/Getty Images
  8. Belle Isle
    8

    Belle Isle

    The city bought Belle Isle, a 983-acre island in the Detroit River, for $200,000 in 1879. The park’s master plan was designed by Frederick Law Olmsted, who also created New York’s Central Park.

    Photograph David Coates/Detroit News/AP Photo
  9. Eastern Market
    9

    Eastern Market

    The food producers and vendors at Detroit's historic Eastern Market attract as many as 40,000 visitors each Saturday.

    Photograph by Paul Warner/Getty Images
  10. 10

    From Van Gogh to polar bears: A look at what the Motor City might sell off to pay its debts