Thursday, July 17, 2008

Developers luv the guv

The Democratic governor's largest benefactor appeared to be the real estate industry, which flooded his campaign coffers with hundreds of thousands of dollars, including from many limited liability companies.

Real Estate, School, Gay Activists Give to Paterson

The developers donated to Mr. Paterson in advance of what could be a pivotal moment for the industry, whose opposition to rent regulations threatens to be over-powered by shifts in the Legislature.

Developers fear that Senate Democrats will vote to expand rent regulation laws in New York City if they grab the majority this year. If Republicans, who have been allies of the developers, lose control of the chamber, Mr. Paterson's position on the issue will be crucial.

Three Elghanayan brothers, Frederick, Henry, and Kamran, of the Rockrose Development Corporation, contributed a total of at least $25,000 to Mr. Paterson's campaign committee.

4 comments:

Anonymous said...

$25,000 is not even a penny compared to the Millions Pataki, Bruno, etc. got from just the Landlords.

Anonymous said...

FYI (with no anti Semitic intentions, so save any criticism):

The Elghanayan brothers are very wealthy Iranian Jews who usually (we believe)finance their next building project out of the profits of their former one.

Welcome to those Rockrose guys who are hiding behind the Pepsi Cola sign... building Queens West's latest eyesore!

Anonymous said...

"$25,000 is not even a penny compared to the Millions Pataki, Bruno, etc. got from just the Landlords."

He got a late start, since the previous guv left in the middle of the period.

Anonymous said...

You don't get it. Paterson has always, always been pro-tenant that is why it's only $25,000.