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This week, my colleague Tim Arango profiled the real estate mogul Rick Caruso, whose influence in Los Angeles has spread from the Department of Water and Power and the Police Commission to U.S.C., where he has helmed the board of trustees through a turbulent time for the university.

Now, he’s not ruling out a run for mayor. Tim spoke to him about how he’d approach the gig:

Mr. Caruso, 60, has built a fortune putting his stamp on the physical landscape of Los Angeles — his most famous property is the Grove — and secured a position as an important civic leader.

He’s thought about running for mayor in the past, and says he may consider it again.

Mr. Caruso had plenty more to say about how he sees politics in Los Angeles, and where his thinking is on the city’s challenges.

“I think it is one of the world’s best cities,” he said. “I just think it could be more livable. I think you need to design a city that allows people to, like I said, slow down and enjoy their life a little bit.”