‘It is shameful’: Wall Street insider threatens to kill $6 billion Manhattan project after Mamdani dissed him
New Yorkers recently elected Zohran Mamdani, a self-proclaimed Democrat Socialist, mayor, and the results of their choice now are becoming evident.
For one, residents of one neighborhood who supported him by a 40% margin now are suing because he wants to locate a homeless shelter in their neighborhood.
For another, a huge money player on Wall Street is threatening to kill a planned $6 billion deal after a clash with Mamdani.
The Daily Mail said the deal involves plans by Ken Griffin’s Citadel LLC, and is because Mamdani lashed out at him specifically in promoting one of his many new tax plans.
Gerald Beeson, COO of Citadel, delivered an email to the publication confirming the deal, which could have created more than 15,000 permanent jobs in the city, could be dead.
“We are about to commence the redevelopment of 350 Park Avenue, creating 6,000 highly paid construction jobs and supporting the creation of more than 15,000 permanent jobs in mid-town New York,” he explained. But he noted, “If we move forward” the deal would include some $6 billion in spending.
It was Mamdani who targeted Griffin in a promo for his so-called “pied-a-terre tax” on luxury second homes.
“Standing outside Griffin’s $238 million penthouse at 220 Central Park South, the socialist mayor outlined his new tax scheme, which would introduce an annual surcharge on all luxury homes in the Big Apple valued at over $5 million if they are being used as a second home,” the report said.
Mamdani is, of course, desperately trying to find ways to cut into the city’s massive deficit.
Mamdani pointed to Griffin’s apartment and said that type of unit was his target.
Griffin’s primary residence is Florida, despite his massive property in New York.
Beeson said, “It is shameful that he used Ken’s name as the example of those who supposedly aren’t carrying their fair share. The mayor has once again manifested the ignorance and disdain of the elite political class.”
He pointed out his company employees and partners have paid some $2.3 billion in city and state taxes over the past few years.
Social media commenters expressed concerns like: “Making him feel unwelcome and demonizing him seems risky. Ken left Chicago and moved Citadel hq to Miami a few years ago because of bad policy…”
Mamdani also was blasted by CNBC anchor Sara Eisen for “demonizing” Griffin.