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Placing its bets
Glenwood Management Corp. has spent thousands on Democrats this election cycle, as outlined in an in-depth look by the Albany Times Union.
The New Hyde Park company, which played a big part in the corruption trials of Democratic Assembly Speaker Sheldon Silver and Republican State Senate Majority Leader Dean Skelos, has long been a big campaign donor to those in power. Albany holds the levers on rent regulations, a critical issue for managers of real estate portfolios.
With Democrats hoping to retake control of the State Senate and the ability to stymie rent increases, it makes sense that you’d see a reshuffling from Glenwood and other real estate companies that will want a seat at the table.
But Republicans haven’t been totally left in the dust.
One example is an outfit called Balance New York. It has spent hundreds of thousands of dollars to support State Senate Republicans this year, with the bulk of that money going to Republican Tom Basile in the Hudson Valley, and to Julie Killian, who lost a bid for a Senate seat in the spring and now is the GOP candidate for lieutenant governor.
However, in October, Balance also sent money to some candidates on Long Island’s GOP Senate slate — Dean Murray, Jeff Pravato, Sen. Elaine Phillips and Sen. Carl Marcellino. Marcellino, who is in one of the tightest contests, received the most at close to $15,000.
Balance receives a large chunk of funds from the Neighborhood Preservation Political Action Fund, another real estate-backed group. And LLCs that share an address with Glenwood have given tens of thousands of dollars to that entity, as recently as 2017.
Can’t hurt to play both sides.
Democrats are holding an unusual islandwide unity rally in Hauppauge on Sunday to mobilize the troops for Election Day. Democratic County Executives Laura Curran and Steve Bellone will be there, as will the chairmen of each county party, Jay Jacobs of Nassau and Rich Schaffer of Suffolk. The invitations also tease that there will be “special guests.”
So The Point wondered whether it could be Willie Nelson, who did a fundraiser for Texas U.S. Senate hopeful Beto O’Rourke. Or maybe even Taylor Swift, since the mega star shed her famed nonpartisanship this year and told everyone in her home state of Tennessee to vote for Phil Bredesen. He is in a tight raise that could help Democrats win control of the U.S. Senate.
After all, in New York, control of the State Senate is at stake, too, and that’s just as big a deal.
Well, we don’t know whether there will be a musical act, but one of the “special guests” is expected to be Andrew M. Cuomo. Whether the incumbent governor, who is expected to win big on Tuesday, will have a guitar is anyone’s guess.
Not the best strategy
Newsday’s editorial board is taking readers on a behind-the-scenes video tour of its 2018 endorsement process, from scheduling interviews to deliberating, to demystify what goes into its decisions.
We hope to pull back the curtain and show what it’s like to sit with federal, state and local candidates. Some candidates spent time in our Melville lobby to talk with Amanda Fiscina, who produced the video. We hope you get as much out of it as we do when we meet with the candidates.