Zohran Mamdani defuses backlash over second-home tax proposal

8 articles · Updated · Bloomberg · Apr 24

At a Brooklyn press conference, Mayor Mamdani clarified his second-home tax push was not aimed at Ken Griffin, whose $238 million penthouse was highlighted in a viral video.
His remarks followed Citadel COO Gerald Beeson suggesting the firm may halt work on a $6 billion, 62-story Park Avenue project in response to Mamdani's comments about Griffin.
The controversy centers on Mamdani’s proposal to tax expensive second homes in New York City, which has drawn attention to the potential impact on high-profile property owners and major real estate developments.

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