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Local developer may run for L.A. mayor

October 27, 2008 6:24:59 AM PDT
Mega-developer Rick Caruso may enter the race for mayor of Los Angeles.Caruso said he will make the decision this week.

Caruso is the billionaire behind malls such as the Grove in Los Angeles and the Americana at Brand in Glendale.

For months, there's been speculation that he would take on current Mayor Antonio Villaraigosa in next year's election.

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