Real Estate

Trump fundraiser Stephen Ross-backed super PAC helps defeat progressives in NYC elections

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A super PAC funded largely by billionaire Stephen Ross racked up a winning record in New York’s city council primaries, a sharp reminder of how powerful the real estate industry remains in the Big Apple’s electoral politics.

The group, Common Sense NYC, raised over $2 million since December. Nearly half of that came from Ross, who is chairman of real estate giant Related Companies, the owner of the Miami Dolphins and a fundraiser for former President Donald Trump.

The PAC spent over $550,000 attacking mainly progressive Democrats, including some who were backed by the Democratic Socialists of America, New York City Campaign Finance Board records show. The PAC continued to invest into…



Source cnbc.com

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