Mamdani’s pied-a-terre tax targets nonresident owners, triggers Citadel backlash
TL;DR Summary
New York City Mayor Zohran Mamdani proposed a pied-à-terre tax on high-value properties where the owner’s primary residence isn’t in NYC, a plan Citadel and Ken Griffin condemned as ignorant and shameful while Citadel highlights its NYC taxes, philanthropy, and a major redevelopment project expected to create thousands of jobs.
- NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move 'shameful' CNBC
- Citadel Raises Halting NYC Expansion in Rebuke of Mamdani Bloomberg.com
- Ken Griffin's Citadel claps back at Mamdani's viral 'penthouse' video --threatens to scrap $6B NYC development New York Post
- Citadel floats possibility of stopping NYC expansion - report Seeking Alpha
- Ken Griffin's deputy calls Zohran Mamdani's targeting of the billionaire 'shameful' in a companywide memo Business Insider
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