Michigan Gov. Rick Snyder could announce state takeover of Detroit Friday
Sasha Goldstein / NEW YORK DAILY NEWS
News of the development came indirectly from Detroit Mayor Dave Bing, who said Thursday that the governor had to make the announcement, but that ‘I think everybody's got a pretty good idea what the announcement will be.’
Carlos Osorio/ASSOCIATED PRESS
Detroit Mayor Dave Bing said during an address at the Detroit Regional Chamber Thursday that he can’t talk about his conversation with the Gov. Snyder about the takeover, and that the governor has “got to make the announcement."
Michigan Gov. Rick Snyder appears poised to announce on Friday that the state will take over financially-distressed Detroit.
News of the expected announcement came Thursday morning when Detroit Mayor Dave Bing addressed the Detroit Regional Chamber at a conference, The Detroit News reported. Bing said he spoke on the phone with Snyder on Thursday.
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"(Snyder’s) got to make the announcement," Bing told the crowd. "I think everybody's got a pretty good idea what the announcement will be, but I shouldn't make the announcement."
In an email to the Daily News, a mayoral spokesman would not confirm the pending takeover.
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“We have nothing to share regarding Mayor Bing’s conversation with the governor,” press secretary Anthony Neely said.
A spokesperson for the governor could not be reached for comment.
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The money-strapped municipality, the state’s largest city, has been running deficits since 2005, and a state-appointed review team determined last week the city is in a financial emergency. The dire situation includes more than $14 billion in long-term debt and underfunded pensions.
"Too many people think the city can come out of this by itself," Bing told the conference Thursday. "I've never been one who's thought like that. I've never fought help. I've never pushed back. I'm a team player.”
A state-appointed emergency financial manager would work to come up with a plan to pull the city out of financial distress.
sgoldstein@nydailynews.co