Real estate pledges $10M for pro-development Council hopefuls

New York /
May.May 31, 2013 11:30 AM

Real estate developers, property owners, investment firms, banks and insurance companies have pledged $10 million to a political action committee that will give to pro-development candidates for New York City Council, the New York Times reported.

The Real Estate Board of New York is spearheading the PAC, called Jobs for New York. Several unions that represent carpenters and other laborers also support the committee. The PAC intends to focus on Council members, who tend to have great sway over development in their districts. Ironically, however, the group will advocate for members to play a lesser role in supervising development.

It plans to back candidates from up to 25 Council districts who support “an agenda focused on creating good jobs, building affordable housing and improving the city’s economy,” according to a memo seen by the Times.

The money will go toward expenses for district-by-district polling, phone banks, direct mail, and television and radio advertisements to support candidates seen as being allied with the interests of business leaders and their supporters in labor, the report said. [NYT]Mark Maurer


Related Articles

arrow_forward_ios
John Banks
High expectations: A look at John Banks’ 4 years at REBNY
High expectations: A look at John Banks’ 4 years at REBNY
John Banks
John Banks to step down as REBNY president
John Banks to step down as REBNY president
REBNY Awards
Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
Small developments dominate as new building filings return to pre-pandemic levels
Small developments dominate as new building filings return to pre-pandemic levels
Small developments dominate as new building filings return to pre-pandemic levels
Republicans are more likely to move to blue states if there are no mask or vaccine mandates (Getty)
Republicans game to live in blue states — unless there’s a Covid mandate
Republicans game to live in blue states — unless there’s a Covid mandate
Commercial brokers’ confidence at all-time high: REBNY survey
Commercial brokers’ confidence at all-time high: REBNY survey
Commercial brokers’ confidence at all-time high: REBNY survey
City Council member Ben Kallos and 310 East 67th Street (Getty, Wikimedia)
Bad blood: City Council approves project in rare break with custom
Bad blood: City Council approves project in rare break with custom
How an unheralded developer survived NYC’s fraught rezoning process
How an unheralded developer survived NYC’s fraught rezoning process
How an unheralded developer survived NYC’s fraught rezoning process
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...