In spite of the dearth of affordable rentals, the city’s only low-income housing project in the pipeline, Bluebird Village, has become something of a lightning rod.

Workers in the city might be forgiven for wondering about just that. The leaflet continues: “The message must be clear: Ketchum is not for sale to the highest bidder!” The difference is that they live here for years and ask a lot of questions before thinking of assuming the role of Chief City Planner.” His problem is that there are many as bright and even brighter here in Ketchum. “Of course, posing and posturing as an expert cuts into actual listening and learning time. Some residents now fear that a powerful relative newcomer is swooping in with legal threats and lots of cash to reshape their community-and stamp out dissent.Ī copy of Hoffman’s offending mailer, obtained by The Daily Beast, reveals it stated, in part: “Since recently arriving in Ketchum, Boyle has not only become a self-expert on all facets of Ketchum government, he is also too willing to show everyone just how much he knows. As workers are priced out of the local housing market and businesses shutter or reduce hours because they can’t fill jobs, housing has become a crisis. But the tussle is just the latest episode in an ongoing local war for the future of affordable housing.įor many denizens of this upscale mountain community-a city of 2,800 that neighbors celebrity playground Sun Valley and whose lower and middle classes have long been endangered-the mayoral race is more than some sleepy local election. Hoffman declined to comment, and it’s unclear whether he’ll acquiesce to the multimillionaire’s demands for updated snail mail. It is libel, and I believe a campaign finance violation, and I am taking the appropriate steps.” Hoffman’s mailer about me in your post box last Thursday. On Thursday night, Boyle kept up the drumbeat, sending a campaign email to supporters stating, “You probably got Mr. “Other than a speeding ticket,” Boyle added, “I have never been party to any cause of action in any court, civil or criminal, at any time, in any jurisdiction.” If he does not, I will pursue the legal remedies available to me.” “If he does so by October 26, I will consider the matter closed. Hoffman an opportunity to apologize and publicly retract his libel by sending a new mailer to all registered Ketchum voters,” Boyle wrote in his ad in the Idaho Mountain Express this week. Court filings show the feds interviewed him as a witness, and Boyle says he volunteered to help a government-appointed monitor create a program to reform SAC Capital’s practices.) (Boyle, it should be noted, was never charged. The mailers underscored Boyle’s highly placed role at SAC Capital, a disgraced hedge fund that pleaded guilty to insider trading in 2013 and would pay a record $1.8 billion fine. In his paid advertisement, Boyle called out 79-year-old Gary Hoffman-a physician who owns two area mobile-home parks that function as workforce housing and who supports the incumbent mayor, Neil Bradshaw-for circulating critical flyers to residents. It’s a community with an affordable housing crisis so dire that officials contemplated creating a tent city for nurses and service workers. Perry Boyle, a longtime executive at billionaire Steve Cohen’s Point72 Asset Management and now-defunct SAC Capital Advisers, left an affluent corner of Connecticut in 2019 to retire to picturesque Ketchum. On Wednesday, a hedge-fund tycoon published an “open letter” in the newspaper of the tiny Idaho town where he’s running for mayor, delivering an ultimatum to a retired doctor raising questions about his candidacy.

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