"When I ran for mayor, I said I was going to tax the rich. Well, today we're taxing the rich."
"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."
"It is shameful that he used Ken's name as the example of those who supposedly aren't carrying their fair share of the burdens associated with New York City's often costly and wasteful spending."
New York City Mayor Zohran Mamdani announced a new pied-à-terre tax targeting luxury properties valued over $5 million owned by non-residents. This announcement was made outside billionaire Ken Griffin's residence on Tax Day. Mamdani emphasized his campaign promise to tax the wealthy. In response, Griffin's COO suggested that Citadel might halt a significant construction project in Midtown, citing Mamdani's comments as shameful and indicative of political disdain for committed city builders. The project could have created thousands of jobs and involved substantial investment.
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