DETROIT (AP) - Dave Bing's time in the turbulence of Detroit, its politics and immense urban problems will end after only four years. The former NBA great announced Tuesday he will not seek re-election and will exit City Hall when his first term as mayor ends in December.
The 69-year-old Bing was unable to bring Detroit's finances in line, and the city came under state oversight in late March when Gov. Rick Snyder appointed Washington-based bankruptcy attorney Kevyn Orr as emergency manager. Orr has final say on all fiscal matters. Detroit's budget deficit could reach $380 million by July 1. Long-term debt is at more than $14 billion. The city also could run out of cash before the end of the year, and bankruptcy hasn't been ruled out.