DETROIT — New Detroit Mayor Dave Bing says he won't move into the official mayoral residence — the Manoogian Mansion.
Bing took office Monday and says he wants to find a way to make money from the 15-room luxury house on the Detroit River.
He didn't say if he wants to sell the house or rent it.
Bing won a May 5 special election against Ken Cockrel Jr., the city council president who became mayor after convicted ex-Mayor Kwame Kilpatrick resigned in September.
Bing told the Detroit Free Press the mansion is a "gem" but said the city needs to figure out how to recoup at least some of the estimated $150,000 a year maintenance cost.
Businessman Alex Manoogian gave the mansion to Detroit in 1966.
© 2014 Newsmax. All rights reserved.