WASHINGTON (AP) -- A millionaire developer says he won't challenge D.C. Mayor Adrian M. Fenty in this year's election.
R. Donahue Peebles, who had boasted that he was ready to spend up to $8 million to be Washington's next mayor, said Tuesday that he can't run because his mother-in-law is ill and supporting his family must supercede his desire to be mayor.
His statement came a day after he said it was a "high probability" he would run and he was considering funding his campaign entirely from a personal fortune, which Forbes magazine has estimated at $350 million.
D.C. Council Chairman Vincent C. Gray and at-large council members Kwame R. Brown and Michael A. Brown have said they are thinking about running. But nine months before the Democratic primary, Fenty has no widely known or well-funded challengers.