Job creators should be exempt from Mamdani and Hochul’s pied-à-terre tax, business leader says

Source: New York Post

City business leaders are scrambling to offer socialist Mayor Zohran Mamdani a compromise to his planned tax on luxury second homes after one of the prime targets of his proposal — Ken Griffin of the Citadel investment empire — suggested he may reverse a major expansion in midtown, the Post has learned. Steven Fulop, the newish head of the Partnership for New York City, has been lobbying both the mayor as well as the governor’s office about the potential jobs losses and reduction in tax revenues that would ensue if Griffin did indeed reverse course on Citadel’s planned redevelopment of its NYC headquarters. That project is expected to create thousands of jobs and produce billions in tax revenue.