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George McDonald, an advocate for the homeless, is gearing up to run for mayor as a Republican, the New York Post is reporting.

McDonald, who according to The Post paid himself nearly $500,000 in 2011, is joining what is shaping out to be an unexpected Republican primary for City Hall. He is expected to make his formal announcement at Grand Central Terminal this Thursday.

Former MTA Chair Joseph Lhota is expected to make his official bid later this month, after stepping down on December 31 to explore a run for mayor. Lhota served as a budget director and deputy mayor during the Giuliani Administration. He is expected to have the full backing of “America’s Mayor.”

McDonald heads The Doe Fund, established in 1985 to help homeless men and women get back to work and on their feet.

The Daily News reported in August that McDonald was entertaining the idea of the run – but little came from the news. He’ll also join potentials like John Catsimatidis, a grocery chain store owner, and former Bronx Borough President Adolfo Carrión as the best Republican candidate.

Whoever wins the race could face one of several Democrats vying for City Hall. This includes City Council Speaker Christine Quinn; Public Advocate Bill de Blasio; Comptroller John Lui; and former Comptroller and 2009 mayoral candidate Bill Thompson.

Despite an overwhelmingly Democratic City Council, the Republicans have virtually held the Mayor’s Office for 20 years. Giuliani won in 1993 and 1997; Mayor Michael Bloomberg won as a Republican in 2001 and 2005 before running as an independent in 2009.

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