Citadel Pushback: Mamdani's Targeting of Griffin Prompts NYC Redevelopment Pause Hint
TL;DR
New York City Mayor Zohran Mamdani targets Ken Griffin with a pied-à-terre tax on non-primary homes over $5 million, prompting a Citadel memo that calls the move 'shameful' and hints the firm could pause its $6 billion redevelopment of 350 Park Avenue, a project expected to create thousands of construction and permanent jobs. Griffin, a major GOP donor who moved Citadel’s HQ to Miami, has long supported NYC through taxes and philanthropy; the memo defends Citadel's contributions while noting the potential economic impact of delaying the project.
- Ken Griffin's deputy calls Zohran Mamdani's targeting of the billionaire 'shameful' in a companywide memo Business Insider
- Exclusive | Ken Griffin Pushes Back After Mamdani Features His $238 Million Penthouse in Tax-the-Rich Video WSJ
- Upstate Dems push for pied-à-terre tax outside NYC City & State New York
- Citadel Sends Warning Shot to NYC After Mamdani Blasts Billionaire Griffin Bloomberg.com
- Wealthy New Yorkers grumble as a new tax looms The Economist
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