In order to seek a third term, Mayor Michael Bloomberg has to circumvent a term-limits law, convince a previously wary public that such limits are negotiable and then win what could be a three-way race.
But the about-face may not prove as difficult as it sounds for the mayor, who has billions of dollars in the bank and the support of former foes, and could soothe New Yorkers' anxiety about the wavering economy.
"It's going to happen," Baruch College public affairs professor Doug Muzzio said Wednesday about a possible third term for Bloomberg. "He's going to spend whatever it takes to make it happen. ... It's pocket change to him."
Bloomberg was expected to announce his plans Thursday, a day after a person briefed on the matter told The Associated Press that the mayor had decided to abandon his long-standing support for the term-limits law and seek a third consecutive term so he could help the city deal with the crisis on Wall Street. The person spoke on condition of anonymity because the announcement hadn't been made.
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