"Zohran Mamdani has been criticized for fantastical proposals, including free day care, free buses, a $70 billion bond issue, a $30-an-hour minimum wage and 200,000 union-built homes built for $500,000 apiece. Campaign platforms might be irresponsible or even dishonest, but whatever works has become an accepted strategy — one that seems to have helped Mamdani, who leads his main competition in the mayoral election, Andrew Cuomo, by 13 points in the latest poll (more on that below)."
"Cuomo seems to have gotten the message. At a Crain's mayoral forum on Wednesday, the former governor said: The big project has to be 500,000 units of affordable housing on 300 sites simultaneously. I think that's the first big project. That makes Mamdani's pie-in-the-sky ideas seem mundane. Cuomo's initial housing plan was to build or preserve 500,000 units over 10 years. Now he's saying build (forget preserving) 500,000 all at once. And not just any units — affordable ones. Those require subsidies. The number of 1,000-unit projects being built in the city at any given time is in the single digits."
Zohran Mamdani proposed sweeping measures including free day care, free buses, a $70 billion bond issue, a $30-an-hour minimum wage, and 200,000 union-built homes priced at $500,000 each. His platform appears to have boosted his polling lead over Andrew Cuomo by 13 points. Andrew Cuomo proposed a simultaneous construction program of 500,000 affordable units on 300 sites, abandoning preservation. Affordable units require subsidies and the city currently builds only single-digit projects of 1,000 units. Constraints include finding dozens of sites, securing financing, and shortages of tower cranes and licensed crane operators tied to union training.
Read at therealdeal.com
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