City real estate leaders worry next mayor won’t be as business-friendly as Bloomberg

TRD New York /
Sep.September 24, 2012 01:00 PM

As Mayor Michael Bloomberg’s third term wraps up, many city real estate and finance leaders worry that they won’t find such a business-friendly mayor come 2014, the Wall Street Journal reported.

Bloomberg’s three terms has brought the city projects like new Barclays Arena in Brooklyn, and fended off City Council legislation like the so-called living wage bill, which business groups opposed. “There is no question people are concerned they are losing Mike Bloomberg. They understand who he is. They have tremendous respect for him,” REBNY president Steve Spinola told the Journal. “We are going to have somebody new on Jan. 1, 2014, and, so, that troubles them.”

The leading contenders for the Democratic nomination are all more traditional politicians, individuals with strong labor ties and more populist politics. City Council Speaker Christine Quinn has had a strong alliance with Bloomberg over the years, and is expected to earn the Mayor’s endorsement, but she disappointed some business interests with her recent support of the so-called living-wage bill. [WSJ]


Related Articles

arrow_forward_ios
John Banks

High expectations: A look at John Banks’ 4 years at REBNY

John Banks

John Banks to step down as REBNY president

REBNY Awards

Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi

REBNY pivots on politics; Newark sues NYC for sending homeless

REBNY pivots on politics; Newark sues NYC for sending homeless

Jim Whelan (Credit: Axel Dupeux)

REBNY starts singing a different tune

Michael Bloomberg (Credit: Getty Images, iStock)

Love, hate, and real estate: Bloomberg’s record may polarize voters

Donald Trump and Michael Bloomberg (Credit: Getty Images)

Bloomberg v. Trump: Real estate edition

Stephen Levin, REBNY's Jim Whelan and Brad Lander (Credit: Getty Images)

The bill that won’t die: Will commercial rent control finally pass?

arrow_forward_ios
Loading...