Here is more from Politico:
Tom Allon, publisher of local political website City & State, is raising money for a think tank that will align with the centrist agenda of a Democratic politician Allon counts as a longtime friend — though he vowed independence from the mayor.
A memo to potential donors, obtained by POLITICO, said the organization “anticipates evaluating a number of concrete policy ideas that were part of incoming NYC Mayor Eric Adams campaign platform and putting them through a rigorous academic analysis to assess their financial viability and ability to implement.” One such policy plan is the goal to make the city a global capital for cryptocurrency.
The think tank, which Allon is calling Five Boros Institute, is being established as a “non-profit, non-partisan clearinghouse for great urban policy ideas and pragmatic solutions to chronic problems,” according to a four-page memo.
In an interview, Allon said he has raised $250,000 so far, and hopes to amass up to $1.5 million from private funders for the outfit's annual budget. He said he plans to release the names of donors once the organization launches in early May.
Already in existence is the Five Borough Institute (5BI), a research and educational organization whose mission is to "encourage the development and implementation of sound progressive public policies."