Billionaire developer Rick Caruso filed to run for mayor of Los Angeles on Friday afternoon, ending months of speculation and shaking up the crowded race to succeed Eric Garcetti.
A onetime Republican, Caruso is best known as the builder of the Grove and the Americana at Brand shopping centers, among others. He is also a former Los Angeles city commissioner, and has flirted with a run for mayor for the better part of two decades.
With his ability to spend almost unlimited funds, Caruso immediately becomes a top contender in the campaign, perhaps second only to frontrunner Karen Bass.
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Rick Caruso Files to Run for L.A. Mayor https://t.co/WKIc71m2Xx
— Variety (@Variety) February 12, 2022