Real estate players watched closely as a federal jury found former state Assembly Speaker Sheldon Silver guilty on seven corruption charges this week. And as the trial shined a light on the role real estate donors play in the halls of Albany, the industry has been cool to donate to the disgraced politician’s successor.
Speaker Carl Heastie, first elected to the Assembly in 2000, saw his political war chest grow after his colleagues selected him in February to be one of the “three men in a room” who wield power in the state capital. But only a sliver of the more than $350,000 he received in contributions during the first half of the year came from the real estate industry, according to a review of campaign finance records by The Real Deal. (more…)
Source: When it comes to real estate ties, Heastie ain’t Slick Shelly