Business PAC Plans a Push in City Council Races
Corporations serving on City Councils? Am I reading this right?
A group of real estate executives and corporate leaders, bracing for the departure of Mayor Michael R. Bloomberg, plans to spend up to $10 million to make sure the City Council elected this fall is friendly to business.
The organization, made up of real estate developers, property owners, banks, insurance companies, investment firms and others, has established a political action committee to direct donations to back candidates in both parties who support pro-development policies.
Called Jobs for New York, the PAC represents an aggressive new involvement in New York’s heavily regulated city elections by a major independent expenditure group. The PAC also has the support of several unions whose fortunes are tied to construction, including those representing carpenters and laborers known as mason tenders.