Follow the Money in City Council Race

An article in the New York Times today exposes a new PAC, Jobs for New York, which is attempting to influence the City Council elections.  

"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."

We are not endorsing any particular candidate for District 6, but we do think it's important to know if any of the candidates are being backed by organizations that want to promote further development of our neighborhood.  If would not be surprising if these same interested parties are backing the DOE proposal to build luxury high-rises above three schools in Manhattan.

Read the full article here.