Mayoral hopefuls slam real estate industry while taking its cash

TRD 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
New York City Mayor Bill de Blasio, President Donald Trump, and New York Governor Andrew Cuomo (Credit: Yana Paskova/Getty Images, Chip Somodevilla/Getty Images, and Drew Angerer/Getty Images)

Trump threatens to yank $7B from “anarchist” NYC

Trump threatens to yank $7B from “anarchist” NYC
A construction worker at One Vanderbilt in August (Getty)

City reports decline in construction-related injuries, deaths

City reports decline in construction-related injuries, deaths
Bill de Blasio and Andrew Cuomo, with (from left) Steven Roth, Jeff Blau, Rob Speyer, Douglas Durst, Ziel Feldman and Steven Schwarzman (Getty)

Real estate execs to city, state: Let us help with recovery efforts

Real estate execs to city, state: Let us help with recovery efforts
A rendering of the Climate Solutions Center with Trust for Governors Island CEO Clare Newman and Mayor de Blasio (Rendering via WXY architecture + urban design/bloomimages; Governor's Island; Getty)

Going green: Governors Island could soon house climate center

Going green: Governors Island could soon house climate center
Mayor Bill de Blasio (Getty; iStock)

De Blasio: Raising property taxes “off the table”

De Blasio: Raising property taxes “off the table”
Following pressure from business leaders, Mayor Bill de Blasio calls for the return to the office (Getty)

De Blasio calls for return to the office, restores trash pickups

De Blasio calls for return to the office, restores trash pickups
Mayor Bill de Blasio (Getty)

“Status quo means going backwards:” How development fell from grace under de Blasio

“Status quo means going backwards:” How development fell from grace under de Blasio
Gov. Andrew Cuomo and Attorney General Letitia James (Getty)

Last-minute reprieve stops city’s tax lien sale

Last-minute reprieve stops city’s tax lien sale
arrow_forward_ios

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

Loading...