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Gotham Gazette

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Citizens Union

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Today's Lead: Business Group Pours Cash Into Council Races

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About to lose a major ally in Mayor Michael Bloomberg a group of business leaders and real estate groups have poured nearly $7 million into city council races. The Jobs For New York political action committee has spent $275,000 per council race on average in an effort to extend Bloomberg's pro-business policies past his term. The group has changed the dynamic of races that are normally based on community issues and connections. The PAC is organized by the Real Estate Board of New York that counts developers such as Larry Silverstein and Daniel Tishman as its members. Union's that would benefit from development projects are also part of the group. Tenants PAC, a group that represents tenant interests, has refused to endorse any candidate who refuses to condemn Jobs For New York. 

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Guest Tuesday, 02 September 2014