Real Estate

Stephen Ross-funded PAC spent over $1 million going into NYC primary election

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A super PAC funded largely by real estate billionaire Stephen Ross spent just over $1 million to influence New York City’s primary race for City Council, with part of that investment going against progressives who are running for key council posts.

The organization, Common Sense NYC, has raised over $2 million. Ross, the chairman and founder of the real estate giant Related Companies, donated $1 million, and Ronald Lauder, also a billionaire and the youngest son of makeup legend Estee Lauder, contributed $500,000. Ross and Lauder have a combined net worth of over $12 billion, according to Forbes.

Ross, who is also the owner of the Miami Dolphins, came under fire in 2019 when he hosted a…



Source cnbc.com

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