Riordan Lists $300,000 in Reelection Campaign Fund

At the midpoint of his first term, Mayor Richard Riordan has raised almost $300,000 for his 1997 reelection campaign, according to financial documents submitted this week.

Campaign disclosure statements filed with the Ethics Commission showed that the Riordan for Mayor ’97 committee collected $299,805.70 during the six-month reporting period that ended June 30. Of that amount, $10,670.40 was in non-monetary contributions; the rest was in cash donations.

Most of the donations were collected during a series of fund-raising events in May and June. Riordan filed his required declaration of intent to raise money April 28, shortly after the legal starting date for fund raising for the next mayor’s race.

Riordan, a multimillionaire venture capitalist and attorney, spent $9.6 million--including $6 million of his own money--to win the mayor’s post in 1993, during the costliest race in city history.

His opponent, then-Councilman Michael Woo, spent nearly $6 million.

As of Wednesday, only two others had declared their intent to raise money for the race, according to the Ethics Commission. They are Kwame Boateng and John Bishop. Neither had yet filed fund-raising statements. No other information about either prospective candidate was available from the commission. Boateng ran unsuccessfully for mayor in 1993 and for the council this year.