Updated
Updated · The Wall Street Journal · Apr 26
Gerald Beeson defends Ken Griffin and Citadel's contributions to New York City
Updated
Updated · The Wall Street Journal · Apr 26

Gerald Beeson defends Ken Griffin and Citadel's contributions to New York City

9 articles · Updated · The Wall Street Journal · Apr 26
  • Beeson highlighted Citadel's planned $6 billion redevelopment of 350 Park Avenue, which could create 6,000 construction and 15,000 permanent jobs in Midtown.
  • He noted Citadel employees have paid nearly $2.3 billion in city and state taxes over five years, and Griffin has donated $650 million to New York charities.
  • Beeson criticized Mayor Mamdani's public targeting of Griffin amid calls for a pied-à-terre tax, arguing such attacks unfairly stigmatize wealthy individuals and their civic contributions.
Is New York City risking a $6 billion development project over a disputed tax on second homes?
When billionaires are major philanthropists, how should cities weigh their charity against their tax burden?
If high taxes don’t scare away the rich, what truly keeps them invested in New York?
How can a new property tax succeed when a $238M penthouse is officially valued at only $7M?
Could New York’s new luxury home tax backfire like Los Angeles’s struggling 'mansion tax'?
Beyond billionaires, how will this tax impact families with inherited properties valued over $5 million?