Albanese, who left his job as managing director of Mesirow Financial in December and lent his campaign $100,000, is running full-time.
He sees 2013 offering the chance for a do-over of the 1997 mayoral race, when he placed a surprisingly strong third behind eventual Democratic nominee Ruth Messinger, the Manhattan Borough President.
Albanese pulled 21% of the vote that year with $970,000 in campaign spending. Messinger's 39% of the vote cost her campaign $3.7 million.
As in 1997, this year's crowded Democratic Primary will likely end in a runoff, so second place would mean a second shot for Albanese. If the four major Democratic candidates split the major supporters and the electorate, it could create an opening for a dark horse candidate like Albanese.
Albanese has a well-earned reputation as a tough, principled, independent politician: an early adopter of now-mainstream progressive causes like gay marriage, term limits, women's reproductive rights, campaign finance reform and the Living Wage; a Barack Obama supporter when the rest of New York went for Hillary; an enemy of the Brooklyn machine -- before it was hip.
His keen political instincts and common touch promise an unexpectedly strong run.
Albanese sees his stint in the private sector as both a drawback and an asset to his candidacy. While he's lost name recognition, he said, he's gained the kind of perspective career politicians can't have.
Calling Mayor Michael Bloomberg on balance a good mayor, Albanese faulted him as out-of- touch with the outer boroughs and increasingly hostile to labor.
The article from the Brooklyn Bureau.