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Paul Wallace and Lori Lightfoot (Getty, Istok)
Chicago mayoral candidate Paul Vallas has received more than $ 760,000 in donations from business and real estate donors, adding to his profile with incumbent Mayor Lori Lift.
The former Chicago Public Schools chief executive posted $ 836,500 in total donations in the second quarter, the campaign reported Wednesday. His biggest came from golf course developer and Republican donor Michael Kaiser, with a net worth of $ 500,000.
Wallace received $ 100,000 each from John Canning and James Perry from Chicago private equity firm Madison Derborne Partners and $ 50,000 from insurance asset management partner Noel Moore.
Wallace received $ 10,000 from Odonnel Family LLC, which shares an address with Riverside Investment & Development, led by CEO John Odonel. The agency did not respond to requests from Real Dell to confirm the connection.
Hedge Fund Senior Capital Partners President John Schreiber donated $ 1,000, as did Anthony Thomas, president of Navigant Development, and Thomas Kirney, senior vice president of RMK.
Wallace She ran for mayor in 2019 and did not make it to the finals. Other nominees for the 2023 are Alderman Ray Lopez, Alderman Rodriguez Sayer, Chicago businessman and philanthropist Willie Wilson, government representative Cam Backner and police officer Frederick Collins.
Neither the Lightfoot nor the 2019 runner-up, Tony Prequinkel, were nominated by real estate lobbyists, who spread their support among a handful of candidates who promised to change their relationship with the city’s developers.
Lightfoot proposed restricting tax increase financing for development and limiting Alderman’s one-party power in the approval of their respective zones.
Leading to the final, developers and brokers invested more than $ 800,000 in the Lightfoot campaign. Her supporters include Justice Group founder Sam Zell and his wife Canning and Excel senior executives.
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