Caruso leaning toward mayor's contest

Rick Caruso said Wednesday he is "leaning towards" running for mayor, and the billionaire developer sounded like a candidate as he won applause from a San Fernando Valley business group with a speech that took his swipes at the subway, the school system and government regulation. Kevin Modesti in the Daily News.

The builder of The Grove at Farmers Market, The Commons at Calabasas and Americana at Brand in Glendale resisted encouragement to run for mayor last year, citing commitments to his family and business.

But in response to a question from the audience of about 100 at a Valley Industry & Commerce Association luncheon, Caruso, 51, sounded more positive about entering politics in 2013.