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Industry Puts Its Money on Cuomo in Governor’s Race
Gov. Andrew Cuomo and the commercial real estate sector haven’t always seen eye to eye. But one thing’s certain: the industry is betting on Cuomo to win the governor’s race next month.
Crain’s New York Business reported that the Real Estate Board of New York gave the governor’s re-election bid $15,000 from its political action committee in the most recent filing period, the first donation it has made to the incumbent this year. The contribution made REBNY Cuomo’s largest donor from the five boroughs during the period.
Mark Beida, president of affordable-housing firm Marathon Development, donated $5,000 to the governor, Crain’s reported. Mack-Cali and CBRE’s Jeffrey Dunne contributed $5,000 apiece, as did SL Green founder Stephen Green.
The contributions have come in even as Cuomo has taken positions at odds with the industry, such as blocking renewal of the 421-a tax abatement until it included new pro-labor carve-outs.
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- ◦Economy
