By
Paul Massey abruptly ended his campaign for mayor Wednesday. The
Cushman & Wakefield executive, who ran on a platform of fiscal
responsibility, described his time on the campaign trail as a
“wonderful” journey, but said the cost of sustaining a campaign against
Mayor Bill de Blasio was prohibitive.
“Unfortunately, the cost of running for office is extraordinary, and I
do not see a path to raising the necessary funds to beat an incumbent
mayor,” Massey said in a statement Wednesday. “I am forever indebted to
my family, team and my friends for their support.”
Massey’s fundraising ability was expected to be a key component of
his campaign, as many outsiders predicted he would have little trouble
raising the kinds of donations from his friends in the real estate
industry to compete with de Blasio.
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Source: The Real Deal (via The Empire Report)
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