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The staff of the Tampa Bay Times

Karl Nurse says he won't bankroll his campaign

ST. PETERSBURG -- City Council member Karl Nurse, who is running to keep his District 6 seat, is the second wealthiest St. Petersburg candidate overall, with a net worth of $4.1 million.

He trails behind mayoral hopeful Scott Wagman, whose net worth is $4.7 million.

More than half of Nurse’s wealth can be traced to his family’s print shop, Bay Tech Label, valued at $2.75 million. He also owns a handful of properties across St. Petersburg. His only liabilities were three Bank of America loans on three properties totaling $189,000.

Nurse said he would not bankroll his campaign with his personal cash. “That’s not the plan,” he said.

He faces former city employee Vel Thompson, whose net worth is $327,624. She claimed she could not pay a roughly $400 state election fee because it was an undue burden.

Student Derrick Frohne is also running for the District 6 seat. He has a negative net worth of $33,425. He also claimed he could not pay the state election fee because it was an undue burden.

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[Last modified: Wednesday, May 26, 2010 11:58am]

    

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