Tangled Web: Gavin Newsom, Ace Smith, California Apartment Association, and the Billionaires Who Love Them
AFFORDABLE HOUSING IS A HUMAN RIGHT-Billionaires Stephen Schwarzman and Sam Zell must love Gov. Gavin Newsom, political consultant Ace Smith, and the California Apartment Association right now. After all, Newsom, Smith, and the CAA were key players in killing two rent control ballot measures in California that Schwarzman, Zell, and other real estate heavyweights spent a staggering $163.5 million in campaign cash to stop. Ace Smith, in particular, profited from doing Big Real Estate’s dirty work. Smith’s consulting firm raked in $105,000 for stopping Prop 10 in 2018 and $140,000 for de...
Source: citywatchla.com