Monday, November 3, 2014

Loopholes let big developers give Cuomo biggest donations

Crains New York: Cuomo's biggest donor is also the oldest.

In the run-up to Tuesday's balloting, Gov. Andrew Cuomo's re-election campaign collected $45 million, almost double what it raised four years earlier. But one key factor in that success, and the source of the largest slug of cash, stayed constant: the legendary—now 100-year-old—real estate magnate Leonard Litwin.
Limited-liability companies connected to Mr. Litwin's real estate business, Glenwood Management, gave Mr. Cuomo's campaign $1 million in this election cycle—three times the size of the second-ranked donor's contribution, according to data compiled by the New York Public Interest Research Group. In addition, Mr. Litwin gave, in total, almost $500,000 to the state Democratic Party and to Kathy Hochul's campaign for lieutenant governor.

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