Mayoral hopefuls slam real estate industry while taking its cash

New York /
Sep.September 03, 2013 11:55 AM

Mayoral hopefuls in the Democratic primary continue to criticize runaway real estate development across the city, while still collecting $2.2 million total in donations from major players in the real estate industry.

Executives and employees at real estate firms are among those contributing about $30 million to the Dems as of late August. City Council Speaker and candidate Christine Quinn collected more than $716,700 from them, while her opponent Anthony Weiner, the former Congressman, brought in $643,550.

“Candidates are using this particular issue as a way of distancing themselves from the Bloomberg administration,” Fordham University political scientist Costas Panagopoulos told the New York Times, regarding the Democratic candidates. “There is a difference between the kinds of things you have to say and do to win elections, and the kinds of things you have to say and do to attract campaign donations.”

Bill de Blasio, for example, held a rally called Hospitals not Condos outside the former St. Vincent’s Hospital, the Greenwich Village site that Rudin Management is converting to a massive condo complex with the moniker Greenwich Lane. However, de Blasio has held meetings with real estate lobbyists, as Quinn and mayoral candidate Bill Thompson’s campaigns have noted, and received $215,300 from the industry, the fourth most.

Common Cause New York, a watchdog group, studied contributions from executives at top real estate companies such as Extell Development and Rudin Management. Quinn collected the most in total, while Thompson received the highest amount. [NYT]Mark Maurer


Related Articles

arrow_forward_ios
Mayor Bill de Blasio (Getty)
City expands free legal services for tenants, fearing eviction rush
City expands free legal services for tenants, fearing eviction rush
The reopening of NYC has created a surge of demand for apartments. (Getty)
Reopening sparks signs of a real estate rush
Reopening sparks signs of a real estate rush
Mayor Bill de Blasio (Getty)
City rent board missing landlord rep ahead of preliminary vote
City rent board missing landlord rep ahead of preliminary vote
Mayor Bill de Blasio (Getty, iStock)
Lawsuit seeks to halt Soho rezoning
Lawsuit seeks to halt Soho rezoning
The Plaza Hotel, St. Regis Hotel, and Waldorf Astoria (iStock)
Outlook for hotels improves — from awful to merely bad
Outlook for hotels improves — from awful to merely bad
(iStock)
Landlords seek up to 5% rent hike on stabilized apartments
Landlords seek up to 5% rent hike on stabilized apartments
Gov. Andrew Cuomo and Mayor Bill de Blasio (Getty)
De Blasio and Cuomo clash over reopening the city
De Blasio and Cuomo clash over reopening the city
Mayor Bill de Blasio (iStock, Getty)
De Blasio’s own staff says his hotel plan could cost NYC $7B
De Blasio’s own staff says his hotel plan could cost NYC $7B
arrow_forward_ios

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

Loading...