His personal financial struggles come as he and council colleagues fight to bail Detroit out of its own fiscal crisis.
On Friday, Pugh said he can’t afford to pay his mortgage after taking a pay cut and leaving a high-paying TV career to run for the City Council.
Pugh likely to walk away from mortgage on Brush Park condo
City Council President Charles Pugh is facing foreclosure and says he likely will abandon his $385,000 Brush Park condominium.
His personal financial struggles come as he and council colleagues fight to bail Detroit out of its own fiscal crisis.
On Friday, Pugh said he can’t afford to pay his mortgage after taking a pay cut and leaving a high-paying TV career to run for the City Council.
“Making my mortgage payments has been a struggle for me,” Pugh wrote in an email. “I fought hard to stay in my condo because I had an attachment to it, but I can no longer afford to do so.”
The mortgage issue is the latest financial problem facing Pugh, 40, a former Fox 2 television anchor and radio show host who was the top vote-getter in the 2009 election. He is paid $76,500 as council president.
“I am devoted to this city and helping us to move forward despite wage cuts and personal sacrifices such as foreclosing on my own home,” Pugh said. “These are the tough choices Detroiters make every day, and I am no different.”
Pugh is still living in the condo and would like to keep it, but he needs a “substantial decrease” in the mortgage, spokeswoman Kirsten Ussery said.
“Absent that, yes, he is going to walk away,” she said.
Pugh’s mortgage situation raises questions about how he can lead the council during the financial crisis, local political consultant Adolph Mongo said.
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