Real estate developer Paul Massey ended his bid for mayor today. In a statement, which can be seen below in full, he cited the high cost of running for office and no path to raising the necessary funds to beat incumbent Mayor Bill de Blasio.
“I am proud that I contributed to the debate on issues of importance to New Yorkers including education, housing and homelessness, and that I have provided real solutions for how to better our quality of life in regard to the ongoing transit crisis.
“This journey has been wonderful because of the great New Yorkers I’ve met and all of the things my team and I have learned.
“I love this city. The people I have met over the past year have enriched my life in ways I will never be able to quantify. And for them, I will continue to be a spokesman for the kind of non-partisan results-oriented leadership I have been advocating for all along.
“As I have in the past, I intend to involve myself in community and not-for-profit organizations in New York City, especially in education, which is my passion. New York certainly hasn’t heard the last from me.
“Unfortunately, the cost of running for office is extraordinary, and I do not see a path to raising the necessary funds to beat an incumbent mayor. I am forever indebted to my family, team and my friends for their support.”