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      A Times Square Hotel Was Set To Become Affordable Housing. Then the Union Stepped In.

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      At the height of the Covid-19 pandemic, the Paramount Hotel, sitting empty in Times Square, was on the verge of turning into a residential building, offering a rare opportunity to create affordable housing in Midtown Manhattan.A nonprofit was planning to convert the hotel into apartments for people facing homelessness. But after 18 months of negotiations, the plan collapsed this year when a powerful political player intervened: the Hotel and Gaming Trades Council, the union representing about 35,000 hotel and casino workers in New York and New Jersey.The union blocked the conversion, which threatened the jobs of the workers waiting to return to the 597-room hotel. Under the union’s contract, the deal could not proceed without its consent.The Paramount reopened as a hotel this fall, an illustration of how the union has wielded its outsized political power to steer economic development projects at a critical juncture in New York City’s recovery.The pandemic presented a devastating crisis for the city’s hotel workers, more than 90 percent of whom were laid off. But as the union has fought harder to protect them, its political muscle has also drawn the ire of hotel operators and housing advocates, who say the group’s interests can be at odds with broader economic goals.After the conversion failed, the Paramount reopened this fall, saving about 160 hotel jobs.Ahmed Gaber for The New York TimesThe union’s impact ripples throughout New York. It can block or facilitate the conversion of large hotels into housing and homeless shelters, a consequential role in a year when homelessness in the city reached a record high of about 64,000 people. The union pushed for the accelerated expansion of casinos, which could transform the neighborhoods of the winning bids. And it was a driving force behind a new hotel regulation that some officials warned could cost the city billions in tax revenue.The union’s influence stems from its loyal membership and its deep pockets, both of which it puts to strategic use in local elections. Its political strength has resulted in more leverage over hotel owners, leading to stronger contracts and higher wages for workers.In this year’s New York governor’s race, the union was the first major labor group to endorse Gov. Kathy Hochul, whose winning campaign received about $440,000 from groups tied to the union. The group was also an early backer of Eric Adams, whose mayoral campaign was managed by the union’s former political director.“H.T.C. is playing chess while everyone else is playing checkers,” said Chris Coffey, a Democratic political strategist, referring to the union’s more common name, the Hotel Trades Council. “They’re just operating on a higher playing field.”Origins of the union’s powerHistorically, the Hotel Trades Council avoided politics until its former president, Peter Ward, started a political operation around 2008.Mr. Ward and the union’s first political director, Neal Kwatra, built a database with information about where members lived and worshiped and the languages they spoke. This allowed the union to quickly deploy Spanish speakers, for instance, to canvass in Latino neighborhoods during campaigns.Candidates noticed when the Hotel Trades Council, a relatively small union, would send 100 members to a campaign event while larger unions would send only a handful, Mr. Kwatra said.The Aftermath of New York’s Midterms ElectionsWho’s at Fault?: As New York Democrats sought to spread blame for their dismal performance in the elections, a fair share was directed toward Mayor Eric Adams of New York City.Hochul’s New Challenges: Gov. Kathy Hochul managed to repel late momentum by Representative Lee Zeldin. Now she must govern over a fractured New York electorate.How Maloney Lost: Democrats won tough races across the country. But Sean Patrick Maloney, a party leader and a five-term congressman, lost his Hudson Valley seat. What happened?A Weak Link: If Democrats lose the House, they may have New York to blame. Republicans flipped four seats in the state, the most of any state in the country.To recruit members into political activism, the union hosted seminars explaining why success in local elections would lead to better job protections. Afterward, members voted to increase their dues to support the union’s political fights, building a robust fund for campaign contributions. Rich Maroko, the president of the Hotel Trades Council, said the union’s “first, second and third priority is our members.”Ahmed Gaber for The New York TimesThe Hotel Trades Council ranked among the top independent spenders in the election cycle of 2017, when all 26 City Council candidates endorsed by the union won. Some of these officials ended up on powerful land use and zoning committees, giving the union influence over important building decisions in New York.In a huge victory before the pandemic, the union fought the expansion of Airbnb in New York, successfully pressuring local officials to curb short-term rentals, which the union saw as a threat to hotel jobs.Mr. Ward stepped down in August 2020, making way for the union’s current president and longtime general counsel, Rich Maroko, who earned about $394,000 last year in total salary, according to federal filings.The union’s sway has continued to grow. Some hotel owners, speaking on the condition of anonymity, say they are fearful of crossing the union, which has a $22 million fund that can compensate workers during strikes. In an interview, Mr. Maroko pointed out that the hotel industry is particularly vulnerable to boycotts.“The customer has to walk through that picket line,” he said, “and then they have to try to get a good night’s rest while there are people chanting in front of the building.”The Hotel Trades Council’s contract is the strongest for hotel workers nationwide, labor experts say. In New York City, where the minimum wage is $15 an hour, housekeepers in the union earn about $37 an hour. Union members pay almost nothing for health care and can get up to 45 paid days off.During the pandemic, the union negotiated health care benefits for laid-off workers, suspended their union dues and offered $1,000 payments to the landlords of workers facing eviction.Along the way, the union has become known for its take-no-prisoners approach to politics, willing to ally with progressives or conservatives, with developers or nonprofits — as long as they support the union’s goals.“There may be no union which has more discrete asks of city government on behalf of its members,” said Mark Levine, the Manhattan borough president, who was endorsed by the union. “You can’t placate them with nice rhetoric. To be a partner with them, you really need to produce.”Political wins during the pandemicLast year, the union scored a victory it had sought for more than a decade, successfully lobbying city officials to require a special permit for any new hotel in New York City.The new regulation allows community members, including the union, to have a bigger say over which hotels get built. The move is expected to restrict the construction of new hotels, which are often nonunion and long viewed by the Hotel Trades Council as the biggest threat to its bargaining power.Budget officials warned that the regulation could cost the city billions in future tax revenue, and some developers and city planners criticized the rule as a political payback from Mayor Bill de Blasio in the waning months of his administration after the union endorsed his short-lived presidential campaign in 2019. Mr. de Blasio, who did not return a request for comment, has previously denied that the union influenced his position.In the next mayoral race, the union made a big early bet on Mr. Adams, spending more than $1 million from its super PAC to boost his campaign. Jason Ortiz, a consultant for the union, helped to manage a separate super PAC to support Mr. Adams that spent $6.9 million.Mr. Ortiz is now a lobbyist for the super PAC’s biggest contributor, Steven Cohen, the New York Mets owner who is expected to bid for a casino in Queens.The union, which shares many of the same lobbyists and consultants with gambling companies, will play an important role in the upcoming application process for casino licenses in the New York City area. State law requires that casinos enter “labor peace” agreements, effectively ensuring that new casino workers will be part of the union.A new threatDuring the pandemic, as tourism stalled, there was growing pressure to repurpose vacant hotels. With New York rents soaring, advocates pointed to hotel conversions as a relatively fast and inexpensive way to house low-income residents.But the union’s contract, which covers about 70 percent of hotels citywide, presented an obstacle. A hotel that is sold or repurposed must maintain the contract and keep its workers — or offer a severance package that often exceeds tens of millions of dollars, a steep cost that only for-profit developers can typically afford.A plan to convert a Best Western hotel in Chinatown into a homeless drop-in center was scuttled by city officials after the effort failed to win the union’s endorsement.Ahmed Gaber for The New York TimesEarlier this year, Housing Works, a social services nonprofit, planned to convert a vacant Best Western hotel in Chinatown into a homeless drop-in center. There was opposition from Chinatown residents, but city officials signed off on the deal. It was set to open in May.Right before then, however, the Hotel Trades Council learned of the plan and argued that it violated the union’s contract.Soon, the same city officials withdrew their support, said Charles King, the chief executive of Housing Works. He said they told him that Mr. Adams would not approve it without the union’s endorsement. Mr. King was stunned.“Clearly they have the mayor’s ear,” Mr. King said, “and he gave them the power to veto.”A spokesman for the mayor said the city “decided to re-evaluate this shelter capacity to an area with fewer services,” declining to comment on whether the union influenced the decision.The Chinatown hotel remains empty.An obstacle to affordable housingIn the spring of 2021, state legislators rallied behind a bill that would incentivize nonprofit groups to buy distressed hotels and convert them into affordable housing. They sought the Hotel Trades Council’s input early, recognizing that the group had the clout to push then-Gov. Andrew M. Cuomo to oppose the bill, according to people involved in the discussions.The union supported the conversions, but only if they targeted nonunion hotels outside Manhattan. Housing groups have said that, unlike large Midtown hotels, nonunion hotels are not ideal candidates for housing because they tend to be much smaller and inaccessible to public transit.As a compromise to gain the union’s support, the bill allowed the Hotel Trades Council to veto any conversions of union hotels.“While we certainly support the vision of finding shelters and supportive housing for the people that need it,” Mr. Maroko said, “our first, second and third priority is our members.”One housing advocate involved in the legislation, who spoke on the condition of anonymity, said she warned elected officials that the veto provision would diminish the law’s effectiveness.The law, which passed last year, came with $200 million for conversions. Housing experts criticized the legislation for not sufficiently loosening zoning restrictions, prompting another law this spring that made conversions easier.Still, no hotels have been converted under the new law.Now, with tourism rebounding, housing nonprofits say the window of opportunity has largely passed.“It’s not like hotel owners are clamoring to sell the way they were two years ago,” said Paul Woody, vice president of real estate at Project Renewal, a homeless services nonprofit.How the Paramount deal endedIn the fall of 2020, the owners of the Paramount Hotel began discussing a plan to sell the property at a discount to Breaking Ground, a nonprofit developer that wanted to turn it into rent-stabilized apartments for people facing homelessness.But as the deal neared the finish line, Breaking Ground failed to anticipate pushback from the Hotel Trades Council. In a series of meetings last year, the union said its obligation was to fight for every hotel job and it proposed a range of solutions, including keeping union employees as housekeepers for residents. Breaking Ground, however, said the cost was too high.The nonprofit even asked Mr. Ward, the union’s former president, to help facilitate the conversion. Mr. Ward said he agreed to call Mr. Maroko to gauge his interest in Breaking Ground’s severance offer.This spring, lobbying records show, union representatives met with Jessica Katz, Mr. Adams’s chief housing officer, and other officials about the Paramount. Soon after, Ms. Katz called Breaking Ground and said city officials would not be able to make the conversion happen, according to a person familiar with the conversation. A spokesman for the mayor said the city “cannot choose between creating the housing the city needs and bringing back our tourism economy,” declining to comment on whether the union swayed the decision on the Paramount.The failed conversion saved about 160 hotel jobs, and the Paramount reopened to guests in September.It was a relief for workers like Sheena Jobe-Davis, who lost her job there in March 2020 as a front-desk attendant. She temporarily worked at a nonunion Manhattan hotel, making $20 less per hour than at the Paramount. She was ecstatic to get her old job back.“It is something I prayed and prayed for daily,” she said. More

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      Hochul Amassed a Campaign Fortune. Here's Who it Came From.

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      Gov. Kathy Hochul’s record-setting $21.6 million in donations flowed from a who’s who of New York’s special interests.Last November, when many of Manhattan’s skyscrapers sat half-empty, Gov. Kathy Hochul made a high-stakes wager on New York City’s commercial real estate industry: She vowed to move ahead with a marquee plan to restore Pennsylvania Station and erect new office towers around it.For Manhattan’s mega-rich real estate developers, the announcement signaled Ms. Hochul’s support for the kind of grand projects that foretell a windfall, and some found a concrete way of showing their approval to the new governor.In the weeks that followed, Ms. Hochul’s campaign received checks for $69,700, the legal limit, from some of the city’s biggest real estate executives, including Steven Roth of Vornado Realty Trust, which is positioned to directly benefit from the project that he once called a “Promised Land.” Other checks trickled in from developers, builders, engineers and even some who opposed it.The campaign contributions flowed from a broader spigot of cash turned on last fall by New York’s varied special interests, from real estate and building trades to hospitals, labor unions and gaming companies, directed toward Ms. Hochul’s election campaign.The donations included $200,000 in checks from the family behind a major construction firm with millions in state contracts, $47,000 that was tied to a gaming giant leaning on the state to expand legal gambling, and $41,000 traced back to a single Albany lobbyist.The funds helped Ms. Hochul, a moderate Democrat who unexpectedly ascended to office last August, assemble a record-setting $21.6 million war chest, and claim a steep advantage heading into June’s Democratic primary and November’s general election.People and industries with financial interests before the state have long been reliable donors to top elected officials, showering them with money that, at times, can pose ethical and legal problems.There has been no evidence that the contributions from Mr. Roth and other developers were directly related to Ms. Hochul’s Penn Station plan, but those and others may still prompt scrutiny about her decision-making as she negotiates the state’s $216 billion budget.“It’s not like this isn’t a problem, but it is a well-trod path,” said Blair Horner, the executive director of the New York Public Interest Research Group, which pushes for tighter campaign finance laws. “She’s just running through it instead of walking.”More than 95 percent of the funds she collected came from donors who gave $1,000 or more, according to a review of publicly available campaign filings, despite the Hochul campaign’s claims of success in pulling in small donations. Dozens of people wrote the governor checks for the legal maximum.Jerrel Harvey, a spokesman for Ms. Hochul’s campaign, pointed to contributions from every county in the state and said that the campaign was proud that her agenda “has resonated with a diverse coalition of supporters.”“In keeping with the governor’s commitment to maintain high ethical standards, campaign contributions have no influence on government decisions,” he said.Many of her donors are fixtures in New York politics and were stalwart supporters of her predecessor, Andrew M. Cuomo, who collected tens of millions of dollars in campaign contributions by often using the same tactics Ms. Hochul is employing. But where Mr. Cuomo had years to build those relationships and fill his campaign coffers, Ms. Hochul has done so in a matter on months.Few industries gave more — and frequently in large amounts — than real estate, where large developers are keenly watching how Ms. Hochul will not only approach large, state-funded capital projects but the future of the state’s affordable housing law.Douglas Durst, who oversees a multibillion dollar real estate empire and chairs the influential Real Estate Board of New York, gave her $55,000. The family of Scott Rechler, a top donor to Mr. Cuomo whose RXR Realty controls millions of square feet of commercial real estate, gave $60,000. Members of the Rudin, Tishman and Speyer families — whose names dot buildings across the city — collectively contributed more than $400,000. Top executives at Related Companies, the group behind Hudson Yards, maxed out.The new governor, who has cast herself as pro-business and greenlighted a rash of expensive capital projects amid an influx of federal funds, also quickly began collecting funds from the state’s construction industry. Hundreds of thousands of dollars came from unions, trade groups and executives representing bricklayers, sheet metal workers, engineers, elevator constructors, machine operators, construction companies and even a law firm that specializes in construction accidents.Hospitals, nursing homes and other health groups, who scored significant victories in Ms. Hochul’s budget, including retention bonuses for frontline health workers, gave hundreds of thousands of dollars, as well. Over two days in October and December, for example, more than 60 LLCs associated with nursing or rehabilitation homes all gave $1,000 or more apiece.Three family members associated with the Haugland Group, a Long Island construction and energy firm with lucrative state contracts at Kennedy Airport and with the Metropolitan Transportation Authority, gave more than $200,000 altogether.A Guide to the New York Governor’s RaceCard 1 of 5A crowded field. More

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      Eric Adams Has Plans for New York, Beyond Public Safety

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      Mr. Adams, the Democratic mayoral nominee, has stances on policing, transportation and education that suggest a shift from Mayor Bill de Blasio.In the afterglow of winning the Democratic nomination for mayor of New York City, Eric Adams began to set out his mission if elected in November.“Safety, safety, safety,” Mr. Adams said in one interview. “Making our city safe,” he said in another.On Thursday, as a torrential storm flooded the city’s subway stations, Mr. Adams offered another priority: Fast-track the city’s congestion pricing plan, which would charge fees to motorists entering Manhattan’s core, so that the money could be used to make critical improvements to the aging system.The two initiatives encapsulate Mr. Adams’s self-characterization as a blue-collar candidate: Make the streets and the subway safe and reliable for New York’s working-class residents.But they also hint at the challenges that await the city’s next mayor.To increase public safety, Mr. Adams has said he would bring back a contentious plainclothes anti-crime unit that focused on getting guns off the streets. The unit was effective, but it was disbanded last year amid criticism of its reputation for using excessive force, and for its negative impact on the relationship between police officers and the communities they serve.Congestion pricing was opposed by some state lawmakers, who wanted to protect the interests of constituents who needed to drive into Manhattan. But even though state officials approved the plan two years ago, it has yet to be introduced: A key review board that would guide the tolling structure has yet to be named; its six members are to be appointed by the Metropolitan Transportation Authority, which is controlled by Gov. Andrew M. Cuomo.Mr. Adams, who would be the city’s second Black mayor, would face other steep challenges: steering the city out of the pandemic; navigating the possibility of a new City Council trying to push him to the left; grappling with significant budget deficits once federal recovery aid is spent.How he intends to accomplish it all is still somewhat theoretical, but he has offered a few concrete proposals — some costly, and with no set ways to pay for them — mixed in with broader ideas.Some of New York City’s mayoral transitions have reflected wild swings from one ideology to another. The current mayor, Bill de Blasio, ran on a promise to end the city’s vast inequities, which he said had worsened under his billionaire predecessor, Michael R. Bloomberg. The gentle and consensus-building David N. Dinkins was succeeded by Rudolph W. Giuliani, a hard-charging former federal prosecutor.Privately, Mr. de Blasio supported Mr. Adams in the competitive primary, believing that he was the person best suited to carry on Mr. de Blasio’s progressive legacy, and if Mr. Adams defeats the Republican nominee, Curtis Sliwa, an abrupt change in the city’s direction is unlikely.But in some ways, Mr. Adams has staked out positions on issues like affordable housing, transportation and education that suggest a shift from Mr. de Blasio’s approach.On policing, Mr. Adams, who has pledged to name the city’s first female police commissioner, has already spoken to three potential candidates, and is believed to favor Juanita Holmes, a top official who was lured out of retirement by the current police commissioner, Dermot F. Shea. Mr. Adams has also vowed to work with federal officials to crack down on the flow of handguns into the city, and he has expressed concerns about how bail reform laws, approved by state lawmakers in 2019, may be contributing to a recent rise in violent crime.On education, Mr. Adams is viewed as friendly toward charter schools and he does not want to get rid of the specialized admissions test that has kept many Black and Latino students out of the city’s elite high schools, a departure from Mr. de Blasio’s stance. He has also proposed opening schools year-round and expanding the universal prekindergarten program by offering reduced-cost child care for children under 3.Transportation and safety advocates hope that Mr. Adams, an avid cyclist, will have a more intuitive understanding of their calls for better infrastructure. He has promised to build 150 new miles of bus lanes and busways in his first term, and 300 new miles of protected bike lanes, a significant expansion of Mr. de Blasio’s efforts.Increasing the supply of affordable housing was a central goal of Mr. de Blasio’s administration, and Mr. Adams supports the mayor’s highly debated plan to rezone Manhattan’s trendy SoHo neighborhood to allow for hundreds of affordable units.Mr. Adams has said he supports selling the air rights to New York City Housing Authority properties to help finance improvements to authority buildings.  Hilary Swift for The New York TimesMr. Adams also supports a proposal to convert hotels and some of the city’s own office buildings to affordable housing units. The proposal originated with real estate industry leaders, who have watched their office buildings empty out during the pandemic.Mr. Adams favors selling the air rights above New York City Housing Authority properties to developers, an idea the de Blasio administration floated in 2018. Mr. Adams has said the sales might yield $8 billion, which the authority could use to pay for improvements at the more than 315 buildings it manages.Mr. Adams is viewed as pro-development — he supported a deal for an Amazon headquarters in Queens and a rezoning of Industry City in Brooklyn, both abandoned after criticism from progressive activists — and he was supported in the primary by real estate executives and wealthy donors.During his campaign, Mr. Adams met three times with the Partnership for New York City, a Wall Street-backed business nonprofit, according to Kathryn Wylde, the group’s president. Ms. Wylde expressed appreciation for Mr. Adams’s focus on public safety — a matter of great importance to her members — and confidence that he would be more of a check on the City Council, which she said was constantly interfering with business operations.“I think with Adams, we’ll have a shot that he will provide some discipline,” Ms. Wylde said. “Why? Because he’s not afraid of the political left.”Some of Mr. Adams’s stances have drawn criticism from progressive leaders like Representative Alexandria Ocasio-Cortez, who endorsed Maya Wiley in the Democratic primary.Alyssa Aguilera, an executive director of VOCAL-NY Action Fund, said that “having a former N.Y.P.D. captain in Gracie Mansion” only means “further protections and funding for failed law enforcement tactics.”“With that framework, it’s hard to believe he’s going to make any substantial changes to the size and scope of the N.Y.P.D. and that’s what many of us are hoping for,” Ms. Aguilera said.Mr. Adams, a former police officer, has expressed confidence that, under him, the Police Department could use stop-and-frisk tactics without violating people’s rights. Dakota Santiago for The New York TimesMr. Adams insists that even though he has been characterized as a centrist, he views himself as a true progressive who can meld left-leaning concepts with practical policies.To address poverty, for example, Mr. Adams has proposed $3,000 tax credits for poor families — an idea he said was superior to his primary rival Andrew Yang’s local version of universal basic income.“There’s a permanent group of people that are living in systemic poverty,” Mr. Adams said recently on “CBS This Morning.” “You and I, we go to the restaurant, we eat well, we take our Uber, but that’s not the reality for America and New York. And so when we turn this city around, we’re going to end those inequalities.”To deal with the homelessness crisis, Mr. Adams has proposed integrating housing assistance into hospital stays for indigent and homeless people, and increasing the number of facilities for mentally ill homeless people, especially those who are not sick enough to stay in a hospital but are too unwell for a shelter.Mr. Adams did not emphasize climate change or environmental issues on the campaign trail. But in his Twitter post about the subway flooding on Thursday, he called for using congestion pricing funds to “add green infrastructure to absorb flash storm runoff.”His campaign has pointed to initiatives from his tenure as borough president: helping to expand the Brooklyn Greenway, a coastal bike and walking corridor, not only for recreation but for flood mitigation; and improving accountability for the post-Hurricane Sandy reconstruction process. Those actions are dwarfed by the sweeping change he will be called on to oversee as mayor — particularly by a City Council with many new members who campaigned on a commitment to mitigate and prepare for the effects of rising seas and extreme weather on a port city with a 520-mile coastline.Mr. Adams expresses confidence that he can reinstate the plainclothes police squad and use stop-and-frisk tactics without violating people’s rights, contending that his administration can effectively monitor data related to police interactions in real time, and intervene if there are abuses.“We are not going back to the days where you are going to stop, frisk, search and abuse every person based on their ethnicity and based on the demographics or based on the communities they’re in,” Mr. Adams said on MSNBC last week. “You can have precision policing without heavy-handed abusive policing.”When some subway stations flooded on Thursday, Mr. Adams called for using money raised through a congestion pricing plan to make the system more resilient against bad storms. Fiona Dhrimaj, via ReutersMr. Adams seems most likely to differ from Mr. de Blasio on matters of tone and governing style.He is known for working round-the-clock, while Mr. de Blasio has been pilloried for arriving late to work and appearing apathetic about his job. Mr. de Blasio is a Red Sox fan who grew up in the Boston area and lives in brownstone Brooklyn; Mr. Adams, a lifelong New Yorker, was raised in Jamaica, Queens, by a single mother who cleaned homes. He roots for the Mets. Mr. Adams will come into office in a powerful position because of the diverse coalition he assembled of Black, Latino and white voters outside Manhattan.“De Blasio spoke about those communities; Eric speaks to the communities,” said Mitchell Moss, a professor of urban planning at New York University. “There’s a real difference. De Blasio was talented as a campaigner. Eric is going to be a doer.”Where Mr. de Blasio rode into City Hall as a critic of the police and a proponent of reform, he will end his term buried in criticism that he ultimately pandered to the department — a shift that many attribute to a moment, early in his tenure, when members of the Police Department turned their backs on him at an officer’s funeral.Officers were upset that Mr. de Blasio spoke about talking to his biracial son about how to safely interact with the police, a conversation that the parents of most Black children have. As mayor, Mr. Adams said he would gather with officers around the city for a different version of “the conversation.”“I’m your mayor,” Mr. Adams said he would tell officers. “What you feel in those cruisers, I felt. I’ve been there. But let me tell you something else. I also know how it feels to be arrested and lying on the floor of the precinct and have someone kick you in your groin over and over again and urinate blood for a week.”Mr. Adams will most likely be different from Mr. de Blasio in another way: He mischievously told reporters last week that he would be fun to cover. Indeed, he was photographed on Wednesday getting an ear pierced; the next day, he was seen dining at Rao’s, an exclusive Italian restaurant in Harlem, with the billionaire Republican John Catsimatidis.“He got his ear pierced and went to Rao’s,” Mr. Moss said. “He’s going to enjoy being a public personality.”Reporting was contributed by Anne Barnard, Matthew Haag, Winnie Hu, Andy Newman and Ali Watkins. More

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      Inside Stephen Ross' Plan to Influence New York’s Mayoral Race

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      #masthead-section-label, #masthead-bar-one { display: none }N.Y.C. Mayoral RaceWho’s Running?5 TakeawaysCandidates’ N.Y.C. MomentsAn Overview of the RaceAdvertisementContinue reading the main storySupported byContinue reading the main storyInside a Billionaire’s Plan to Influence New York’s Mayoral RaceStephen Ross, the head of the Related Companies, is organizing a meeting of business leaders to “help us get this mayoral election right.”Stephen Ross said he hopes to boost voter turnout among “moderate thinking, pro-growth, and pro-jobs Democrats who typically do not vote in primaries.”Credit…Peter Foley/EPA, via ShutterstockMarch 9, 2021Updated 8:37 p.m. ETThe billionaire developer Stephen M. Ross is rallying fellow business leaders to commit tens of millions of dollars in an effort to push moderate Democrats to vote in the June mayoral primary in New York and “change the future course of the city.”Mr. Ross has scheduled a meeting for Monday to detail his plans to launch the super PAC to “help us get this mayoral election right,” according to an email he sent to colleagues that was reviewed by The New York Times.The campaign would not initially support a specific candidate, but Mr. Ross, the chairman and founder of Related Companies, stressed that the “winner of the Democratic primary for mayor in June will decide if NYC will rebound or languish.”The effort is the starkest example of business leaders using their money and influence to elect a pro-business mayor who would steer New York’s recovery from the pandemic, and to hurt the chances of progressive-leaning candidates whose positions — like slashing the Police Department budget and raising taxes on the rich — alarm many business leaders.“This is truly the most important election of our lifetime and in NYC’s history,” Mr. Ross wrote in the email. “Fortunately, we can do something to change the future course of the city we love.”Candidates considered more palatable to the business sector include Eric Adams, the Brooklyn borough president; Andrew Yang, a former presidential candidate; Kathryn Garcia, the former sanitation commissioner; Raymond J. McGuire, a former Wall Street executive; and Shaun Donovan, a former Obama administration cabinet member.Mr. Yang is the early front-runner, followed by Mr. Adams, according to a recent poll by Emerson College. Mr. McGuire, thought to be a favorite of some in the business community, was in eighth place in the poll.Via a spokesman, Mr. Ross did not rule out backing a particular candidate, when the time comes.But when asked who that candidate might be, Mr. Ross was circumspect.“The one who is best and can help all New Yorkers,” he said. More

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      Trump Financial Disclosure Reveals a Business Upended by the Coronavirus Pandemic

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      #masthead-section-label, #masthead-bar-one { display: none }Capitol Riot FalloutLatest UpdatesInside the SiegeVisual TimelineNotable ArrestsCapitol Police in CrisisAdvertisementContinue reading the main storySupported byContinue reading the main storyTrump Financial Disclosure Reveals a Business Upended by the PandemicRevenues for the Trump Organization fell nearly 38 percent in 2020 as the coronavirus took a steep toll on the hospitality industry. Mar-a-Lago was a bright spot.Trump National Doral, a golf club outside Miami, saw revenue drop by more than 40 percent.Credit…Scott McIntyre for The New York TimesBen Protess, Steve Eder and Jan. 20, 2021, 7:22 p.m. ETOver the past year, former President Donald J. Trump’s family business suffered steep declines in revenue as the pandemic upended the nation’s hospitality industry, according to a financial disclosure report released hours after Mr. Trump departed office on Wednesday.The report detailed a revenue drop of more than 40 percent at Mr. Trump’s Doral golf club outside Miami, and a 63 percent decline at his signature hotel in Washington, just blocks from the White House. All told, the Trump Organization declared revenue of at least $278 million in 2020 and the early days of this year, a nearly 38 percent decline from the company’s reported 2019 results.The disclosure, which represents the final public snapshot of Mr. Trump’s finances, documents the toll the pandemic has taken on his luxury hospitality business, which essentially ground to a halt last spring when the coronavirus started sweeping through the country. Trump hotels and golf courses shuttered, and even after reopening, some faced restrictions on indoor dining and gatherings.“There were places that due to government mandates we were not able to operate,” Eric Trump, the former president’s son who helps run the business, said in an interview on Wednesday. “Those are places you are going to lose the season because of it.”The Trump Organization, he said, remained stable and had steady cash flow and relatively low debt compared with other real estate businesses — though as Mr. Trump left office, the company had more than $300 million in debt coming due in the next few years that the former president has personally guaranteed.The disclosure portends greater tumult ahead for the business, which has faced widespread shunning of its brand after the deadly Jan. 6 assault on the Capitol. The violent rioting by Mr. Trump’s supporters led to his second impeachment and prompted many of the company’s corporate partners — in banking, insurance, golf and real estate — to abandon it. Morgan Lewis, the law firm that handles its taxes, became the latest to distance itself from the Trumps on Wednesday, by indicating that it would not take on new business with Mr. Trump or the company.The scenes of rioters storming and looting the Capitol in Mr. Trump’s name, some of them armed and dressed in animal skins, also undermined the image of stately luxury that the Trump Organization had created and is expected to cost the president’s five-star hotels bookings and group outings.Revenue at the Trump hotel near the White House decreased by 63 percent.Credit…Stefani Reynolds for The New York TimesThe biggest blow came when the P.G.A. of America announced it would strip Mr. Trump’s New Jersey golf club of a major tournament, setting off a wave of other ruptures, including a decision by New York City to cancel contracts with the Trump Organization for two ice rinks, the Central Park Carousel and the Trump Golf Links in the Bronx.Even before the pandemic and the riot, the Trump presidency had complicated business for the Trump brand.For much of his term, the company was stuck in neutral as the family name was removed from several properties and potential new deals never emerged. Mr. Trump’s polarizing politics also appeared to create a red-blue divide, leaving his hotels in Democratic bastions like New York and Chicago struggling, while his golf club in North Carolina boomed..css-1xzcza9{list-style-type:disc;padding-inline-start:1em;}.css-c7gg1r{font-family:nyt-franklin,helvetica,arial,sans-serif;font-weight:700;font-size:0.875rem;line-height:0.875rem;margin-bottom:15px;color:#121212 !important;}@media (min-width:740px){.css-c7gg1r{font-size:0.9375rem;line-height:0.9375rem;}}.css-rqynmc{font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:0.9375rem;line-height:1.25rem;color:#333;margin-bottom:0.78125rem;}@media (min-width:740px){.css-rqynmc{font-size:1.0625rem;line-height:1.5rem;margin-bottom:0.9375rem;}}.css-rqynmc strong{font-weight:600;}.css-rqynmc em{font-style:italic;}.css-yoay6m{margin:0 auto 5px;font-family:nyt-franklin,helvetica,arial,sans-serif;font-weight:700;font-size:1.125rem;line-height:1.3125rem;color:#121212;}@media (min-width:740px){.css-yoay6m{font-size:1.25rem;line-height:1.4375rem;}}.css-1dg6kl4{margin-top:5px;margin-bottom:15px;}.css-16ed7iq{width:100%;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;padding:10px 0;background-color:white;}.css-pmm6ed{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}.css-pmm6ed > :not(:first-child){margin-left:5px;}.css-5gimkt{font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:0.8125rem;font-weight:700;-webkit-letter-spacing:0.03em;-moz-letter-spacing:0.03em;-ms-letter-spacing:0.03em;letter-spacing:0.03em;text-transform:uppercase;color:#333;}.css-5gimkt:after{content:’Collapse’;}.css-rdoyk0{-webkit-transition:all 0.5s ease;transition:all 0.5s ease;-webkit-transform:rotate(180deg);-ms-transform:rotate(180deg);transform:rotate(180deg);}.css-eb027h{max-height:5000px;-webkit-transition:max-height 0.5s ease;transition:max-height 0.5s ease;}.css-6mllg9{-webkit-transition:all 0.5s ease;transition:all 0.5s ease;position:relative;opacity:0;}.css-6mllg9:before{content:”;background-image:linear-gradient(180deg,transparent,#ffffff);background-image:-webkit-linear-gradient(270deg,rgba(255,255,255,0),#ffffff);height:80px;width:100%;position:absolute;bottom:0px;pointer-events:none;}#masthead-bar-one{display:none;}#masthead-bar-one{display:none;}.css-1cs27wo{background-color:white;border:1px solid #e2e2e2;width:calc(100% – 40px);max-width:600px;margin:1.5rem auto 1.9rem;padding:15px;}@media (min-width:740px){.css-1cs27wo{padding:20px;}}.css-1cs27wo:focus{outline:1px solid #e2e2e2;}.css-1cs27wo[data-truncated] .css-rdoyk0{-webkit-transform:rotate(0deg);-ms-transform:rotate(0deg);transform:rotate(0deg);}.css-1cs27wo[data-truncated] .css-eb027h{max-height:300px;overflow:hidden;-webkit-transition:none;transition:none;}.css-1cs27wo[data-truncated] .css-5gimkt:after{content:’See more’;}.css-1cs27wo[data-truncated] .css-6mllg9{opacity:1;}.css-k9atqk{margin:0 auto;overflow:hidden;}.css-k9atqk strong{font-weight:700;}.css-k9atqk em{font-style:italic;}.css-k9atqk a{color:#326891;-webkit-text-decoration:none;text-decoration:none;border-bottom:1px solid #ccd9e3;}.css-k9atqk a:visited{color:#333;-webkit-text-decoration:none;text-decoration:none;border-bottom:1px solid #ddd;}.css-k9atqk a:hover{border-bottom:none;}Capitol Riot FalloutFrom Riot to ImpeachmentThe riot inside the U.S. Capitol on Wednesday, Jan. 6, followed a rally at which President Trump made an inflammatory speech to his supporters, questioning the results of the election. Here’s a look at what happened and the ongoing fallout:As this video shows, poor planning and a restive crowd encouraged by President Trump set the stage for the riot.A two hour period was crucial to turning the rally into the riot.Several Trump administration officials, including cabinet members Betsy DeVos and Elaine Chao, announced that they were stepping down as a result of the riot.Federal prosecutors have charged more than 70 people, including some who appeared in viral photos and videos of the riot. Officials expect to eventually charge hundreds of others.The House voted to impeach the president on charges of “inciting an insurrection” that led to the rampage by his supporters.One bright spot in 2020 was Mar-a-Lago, Mr. Trump’s private club in Florida and his intended new residence. Revenues at Mar-a-Lago rose from $21.4 million to $24.2 million, an increase of 13 percent. The company’s retail business also grew, more than doubling its revenues to nearly $2 million.The Trump golf business saw mixed results. While many of the courses had losses of 10 percent or more, revenues rose at clubs in West Palm Beach, Fla., and another near Charlotte, N.C., as golf became a popular outdoor escape from the dangers of Covid-19.But at Doral, Mr. Trump’s biggest revenue generator, revenues fell from $77.2 million in 2019 to $44.2 million, down nearly 43 percent.Trump Turnberry, a golf club in Scotland, had a significant downturn last year. Revenue fell from $25.7 million to $9.8 million, about 62 percent, as Scottish authorities closed it because of the virus.Some of the Trump Organization’s biggest declines came in its hotel business, as the virus halted travel and the company cut back on staff to stem its losses. The hotel in Washington, which the Trumps had considered selling before the pandemic, was particularly hard hit. The restaurant and the famed hotel lobby — long a gathering place for lobbyists, White House aides and other Trump supporters — have been closed for extended periods over the past year, and hotel occupancy is down significantly.Mr. Trump reported assets worth at least $1.3 billion, down slightly from 2019.He also reported receiving 10 gifts, including an Ultimate Fighting Championship belt, golf gear, a leather bomber jacket and a computer from Tim Cook, the chief executive of Apple, worth $5,999.Eric Lipton contributed reporting.AdvertisementContinue reading the main story More