Ken Griffin threatens to withdraw $6 billion NYC project after mayor's pied-à-terre tax video
Updated
Updated · Fox Business · Apr 28
Ken Griffin threatens to withdraw $6 billion NYC project after mayor's pied-à-terre tax video
8 articles · Updated · Fox Business · Apr 28
Griffin criticized Mayor Zohran Mamdani for spotlighting his $238 million Manhattan penthouse in a viral video announcing a new annual tax on luxury second homes.
Griffin, speaking at an Oslo investment conference, called the video a 'personal attack' and questioned New York's business climate, signaling he may cancel his Midtown Manhattan development.
Mayor Mamdani's policy targets properties over $5 million owned by non-residents, amid broader efforts by New York officials to address a shrinking tax base and retain wealthy residents.
Will a billionaire's threat to pull a $6B project kill New York's new 'mansion tax'?
Are NYC's ultra-wealthy preparing for legal battles over the new 'pied-à-terre' tax?
Can NYC's flawed property assessments be fixed before its new luxury tax fails?
Will the new tax on luxury second homes actually fix New York's massive budget gap?
Is New York's 'tax the rich' strategy finally reaching a breaking point for investors?