A state board has hired a restructuring expert to try to turn around Detroit's finances.
Washington, D.C.-based lawyer Kevyn Orr was appointed Thursday by a three-member board in Lansing after Gov. Rick Snyder announced his recommended choice in Detroit. He will make $275,000 a year.
The selection was made by state Treasurer Andy Dillon, budget director John Nixon and licensing and regulation director Steve Arwood. They interviewed Orr for about 12 minutes.
He says he will resign from his job at the Jones Day firm effective Friday. Dillon says Michigan is lucky to get someone of Orr's caliber at $275,000 a year, saying he's taking a "massive" pay cut.
Union activist Robert Davis says he'll file suit to challenge Orr's hiring, saying the board violated the Open Meetings Act.
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