Two wealthy Republicans aiming to take on Democratic U.S. Sen. Michael Bennet in November each injected more than $500,000 dollars into their campaigns in the last three months of last year.
Those loans and personal contributions put Gino Campana, a former Fort Collins city councilman, and Joe O’Dea, a Denver business owner, near or over the $1 million mark for campaign revenue from Oct. 1 through Dec. 31. Four other Republican candidates vying to take on Bennet significantly lagged behind the two multimillionaires in fundraising.
State Rep. Ron Hanks, a Fremont County Republican, raised just $28,000 last quarter for his U.S. Senate bid, including $12,000 he lent to his campaign
Meanwhile, Bennet raised more than $2.1 million during the last quarter and finished the year with a hefty $4.7 million in cash in his campaign account.
Meanwhile, Republican and Democratic candidates running in the highly competitive 8th Congressional District raised modest amounts in the $100,000 range, while 3rd District Republican U.S. Rep. Lauren Boebert, of Garfield County, continued to handily outraise all of her competitors.
O’Dea reported more than $1 million in contributions during his first three months on the campaign trail, $525,000 of which came from his own pocket. Another $57,000 came from people who listed his construction company, Denver-based Concrete Express, as their employer.
His biggest expense last quarter was the $100,000 he spent on broadcast advertising after announcing his candidacy in October. The campaign spent a total of $153,000 in the last three months of the year.
O’Dea’s net worth is between $17.5 million and $77.4 million, according to a Colorado Sun analysis of his personal financial disclosure.
Campana brought in $956,000, including $500,000 he lent to his campaign and another $24,000 he directly donated to his campaign. Many of Campana’s large donors were fellow north Front Range business people, including executives from contractor Hensel Phelps and Otterbox, the cellphone case maker.
Campana reported spending $171,000 last quarter, nearly $39,000 of which went to consultants.
O’Dea still had $888,000 in cash at year-end, and Campana $784,000. But both Republicans owed campaign contractors at the end of the year. O’Dea owed four contractors a total of $127,409, while Compana owed four of his contractors about $21,000 total.
They weren’t the only Republicans hoping to challenge Bennet who spent their own cash last quarter or reported debts owed to consultants.
Deborah Flora, a conservative radio host and actor, lent her campaign $50,000, and the $254,000 she raised included another $53,000 she donated directly to her campaign. She reported spending only about $33,000, but she ended the quarter owing several consultants more than $46,000. She began 2022 with $471,000 in cash in her campaign account.
Eli Bremer, an Air Force veteran and former Olympian who was the first Republican candidate to enter the race, reported raising more than $153,000 last quarter, but spent nearly $185,000. He had $178,000 in cash at the end of 2021. He hasn’t spent any of his own money on his campaign thus far.
Peter Yu, a Weld County business owner, raised about $73,000, spent $57,000 and had $157,000 in cash at the end of the year. He’d previously lent his campaign $50,000.
The poorest showing among the GOP candidates came from state Hanks. Portrayed as the frontrunner by some Democratic operatives, Hanks lent his campaign $12,100 and raised only $16,000, about 45% of that from donors of $200 or less.
Bennet, meanwhile, spent only $884,000 of the $2.1 million he brought in last quarter. Some 22% of Bennet’s campaign contributions came from donors who gave $200 or less, a contrast to his Republican counterparts.
Bennet is still owed $375,000 from loans he made in his initial Senate campaign in 2010.
Three Republican and two Democratic candidates running in the 8th District each raised between $124,000 and $156,000 in the final three months of the year.
The new 8th District is seen as one of the most competitive U.S. House districts in the nation. It’s centered in the high-growth suburbs north of Denver, which have a heavy Latino population.
Here’s a look at the top contenders:
For the fourth consecutive quarter, Republican U.S. Rep. Lauren Boebert outraised any other U.S. House incumbents or candidates in Colorado, bringing in nearly $808,000 for a total of $3.8 million raised over the course of 2021. The campaign had $2 million in the bank at the end of the year.
Boebert’s campaign spending last quarter included $3,523 at the Trump International Hotel Las Vegas in early December, and $1,623 at the Tideline Ocean Resort and Spa in Palm Beach, Florida, in December and early November.
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