US EditionCitadel hits back after Mamdani features Griffin's penthouse in video
Citadel said the project would create 6,000 construction jobs and more than 15,000 permanent jobs if it moves forward.
- On Thursday, Citadel Chief Operating Officer Gerald Beeson warned the hedge fund might cancel a $6 billion midtown redevelopment project, calling New York City Mayor Zohran Mamdani's targeting of CEO Ken Griffin "shameful."
- Mayor Mamdani sparked the dispute last week by filming a Tax Day video outside Griffin's $238 million penthouse to promote a proposed pied-à-terre tax on luxury properties owned by non-residents.
- In his memo, Beeson countered that Citadel and its staff have paid nearly $2.3 billion in city and state taxes over five years, emphasizing the firm's commitment to New York despite political rhetoric.
- Pershing Square CEO Bill Ackman defended Citadel publicly, while Beeson highlighted that the 350 Park Avenue redevelopment would create 6,000 construction jobs and support more than 15,000 permanent positions.
- Backed by Governor Kathy Hochul, the pied-à-terre tax proposal estimates at least $500 million in annual revenue, though the measure still requires approval from the state legislature to pass.
27 Articles
27 Articles
Mayor Mamdani Acts Like a Bully
(New York, NY) – When it comes to popularity and “playing to the home crowd,” Mayor Zohran Mamdani is a natural. He flashes the big smile, tap dances a few times on TikTok, and the socialism-loving-masses swoon. Look no further than Mamdani’s self-serving video he produced on April 15, 2026 — tax day — in which he specifically made one of the city’s property owners a target for criticism. https:///NYCMayor/status/2044508902809628760?s=20 Standin…
‘It is shameful’: Wall Street insider threatens to kill $6 billion Manhattan project after Mamdani dissed him * WorldNetDaily * by Bob Unruh
Source link Mayor Zohran Mamdani, D-New York City 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
'It is shameful': Wall Street insider threatens to kill $6 billion Manhattan project after Mamdani dissed him * WorldNetDaily * by Bob Unruh
Mayor Zohran Mamdani, D-New York City 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 cl…
New York's socialist mayor wants to tax luxury properties of absent owners. The founder of the Citadel Hedgefonds is now checking whether a large construction project in Manhattan is still useful.
"Penthouse” Video Backlash: Citadel Suggests $6B NYC Development Plans Could Be at Risk Following Socialist Mayor's Menacing Message
On tax day, radical communist NYC Mayor Zohran Mamdani posted a menacing message to New Yorkers, reminding them that he is coming for them.
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