Airbnb faces a critical vote in Jersey City that could eliminate hundreds of listings

Jersey City residents will vote today on a new measure seeking to restrict companies like Airbnb

Brian Chesky, CEO and Co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange in New York, U.S. March 13, 2017.A battle between Airbnb and policymakers rages on as voters head to the polls in New Jersey's second largest city. Jersey City Mayor Steven Fulop told CNBC's "Squawk Alley" Tuesday that Airbnb has spent millions over the last several months to block the proposed regulatory measure, framing the regulation as an all encompassing "ban".He also tweeted in September that Airbnb's campaign is full of "lies and misinformation". He said the company's real goal is its campaign to go public.

DeBold Fusco defended the company's classification of the ordinance as a "ban," citing its effective removal of any property renters, as well as buildings with 4 or more units. She said that would effectively wipe out 70% of Jersey City residents eligible to put their homes on Airbnb. There are now close to 3,000 listing on the platform in Jersey City, with the top ten hosts in the area accounting for over 500 Jersey City Airbnbs"This administration is fighting to fix the quality of life issues our residents have had to endure over the years as Airbnb abuses their initial agreement with the city," Fulop said.In late 2016, he approached the company for a financial contribution to his re-election campaign, and was met with a delayed donation in 2017.

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