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City rakes in another $5M to host Democratic convention

The de Blasio Administration announced that it has secured an additional $5 million from host committee members in support of New York City’s bid to host the 2016 Democratic National Convention, bringing the City’s fundraising total to $15 million.

Of the $15 million, $5 million has been received, and the City has an additional $10 million in commitments from host committee members.

Goldman Sachs, 1199SEIU, Condé Nast, Blackstone, Tishman Speyer and Citi are among the organizations that have contributed to the City’s convention bid.

Once selected as the city to host the convention, the Host Committee will immediately convert all commitments into money in the bank to begin to organize the event.

ROB SPEYER
ROB SPEYER

“We are proud to have the backing of a diverse group of community, business, labor and faith leaders that have helped us to get the necessary framework in place to host a fully-funded convention that will help to propel the Democratic nominee into the White House. This outpouring of support is the latest sign that New York City is ready to host the 2016 Convention in the five boroughs,” said Mayor de Blasio.

“New York City is home to world class attractions, venues, neighborhoods, and the city has a spirit and energy like no other in the nation. Holding the convention here in America’s foremost city is totally appropriate, and it would be great for all New Yorkers. I’m gratified to see the business community standing ready to support efforts to bring the convention to NYC,” said Tony James, president and Chief Operating Officer, Blackstone.

“As a long-time member of New York’s business community, I am proud to support the city’s bid to host the 2016 convention. As a lifelong New Yorker, I am even more excited by the prospect of showcasing all that our five boroughs have to offer,” said Rob Speyer, President and Co-CEO, Tishman Speyer.

The host committee membership comprises 112 business, civic and labor leaders, all of whom have pledged their support. They include Frank A. Bennack Jr., Hearst Corporation; Jeff T. Blau, The Related Companies; Ric Clark, Brookfield Office Properties; Douglas Durst, The Durst Organization, MaryAnne Gilmartin, Forest City Ratner Companies, Barry M. Gosin, Newmark Grubb Knight Frank, Jeffrey R. Gural, Newmark Grubb Knight Frank, Marc Holliday, SL Green Realty Group, Leonard Litwin, Glenwood Management, Scott H. Rechler, RXR Realty, William C. Rudin, Rudin Management Company, Steven Spinola, Real Estate Board of New York and; Steve Witkoff, The Witkoff Group.

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