Real Estate Mogul Rick Caruso Running for Mayor of LA – The Hollywood Reporter

Real estate developer Rick Caruso, the billionaire best known for creating the Grove, Americana shopping centers in Brand and Palisades Village, announced Friday that he will run for mayor of Los Angeles after months of contemplation. guess. He filed his official statement with the LA city clerk shortly before Saturday’s deadline.

“I believe in the LA dream – and I know we can end homelessness, crime and corruption,” Caruso tweeted. “But politicians cannot. That’s why I officially begin my campaign for Mayor of Los Angeles today. ”

The race to succeed Eric Garcetti, whose term ends this year and who has been nominated by the Biden administration to be ambassador to India, has drawn several candidates, including the US congressman. Karen Bass; city ​​attorney Mike Feuer; Los Angeles City Council members Kevin de León and Joe Buscaino; and Craig Griewe, chief strategy officer of Rogers & Cowan PMK.

Ahead of his official announcement that he would be entering the race, Caruso, a former independent Republican, recently re-registered as a Democrat. The primaries will be held on June 7 with the top two going to take part in the general election on November 8.

“It was a very meaningful day for me and my family,” Caruso told reporters on Friday after filing his candidacy. I love Los Angeles, I love the diversity of Los Angeles. I am eager to be a part of this.” He has served as head of LA’s Police Commission and is currently chairman of the board of trustees of the University of Southern California.

Based on DiversityThe first planned entertainment industry fundraiser in favor of Caruso will be hosted by UTA co-chair Jay Sures at his residence on February 23.

Caruso, 63, can afford to pour huge sums of money into his own campaign, which could help propel him to one of the frontrunners in the race. Among previous entrants in the race, Bass has received considerable Hollywood backing, with sponsors including Jennifer Aniston, Alan and Cindy Horn, JJ Abrams and Katie McGrath, Amazon’s Jen Salke, Jason Bateman and Jennifer Garner.

The real estate developer – who was born in Los Angeles and raised in Beverly Hills, and is the son of the founder of Dollar Rent a Car – has previously said he would not be a “classic” Democrat. Figure”. “I will be a pro-work-centered, pro-work and public safety Democrat,” he said.

He had previously considered running for mayor of Los Angeles in 2013, even cutting ads for the race before deciding he didn’t want to burden his family at the time.

In a 2015 Caruso filing, CHEAP note that the Grove attracts more customers each year than Disneyland, and the mall trolley was designed by the original George McGinnis of Disney Imagineer and in the late 1990s the developer hired a period production designer former, Richard Sawyer (Two Jakes, The Three Amigos) to consult on creating engaging retail experiences. “We’re in the content and experience business,” Caruso said at the time.

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