Steven Roth urges Zohran Mamdani to be more welcoming to businesses

6 articles · Updated · Bloomberg · May 5

The Vornado Realty Trust chief said a New York City mayoral video prompted Citadel to threaten withdrawal from a $6bn Park Avenue tower project.
Roth said he still expects Citadel founder Ken Griffin to stay committed to the development, which Vornado is partnering on.
He added that he hopes to give investors more clarity on the project this summer, underscoring concern over New York's business climate.

With Citadel accelerating its NYC investment, was its public pullout threat just a negotiation tactic against new taxes?

As NYC debates taxing the wealthy, are other global financial hubs poised to lure away its biggest firms?

Do public call-outs of CEOs, more than tax policies themselves, actually drive businesses away from major cities?