Friday, January 29, 2010

An Industry Cuomo Oversees Pays Him Off

Andrew Cuomo is New York's attorney general. He would like to be governor. So does the real estate industy, the people he was supposed to be regulating.

New records show that even as the industry has confronted its worst crisis in decades, developers, construction executives and real estate lobbyists have given millions of dollars to Mr. Cuomo, providing one in every five dollars over the past six months.

The money has come as Mr. Cuomo’s office has been flooded with complaints about construction in new developments, especially from buyers who are trying to break their sales contracts, claiming that builders are not living up to their promises.

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