Citadel Expresses Concern Over $6 Billion New York City Project Amid Mayor's 'Tax The Rich' Initiative
Hedge fund firm Citadel has raised concerns about a proposed $6 billion redevelopment project in Manhattan following criticism from New York Mayor Zohran Mamdani, who targeted founder Ken Griffin with a 'tax the rich' video. The mayor’s proposal could affect properties valued above $5 million owned by non-residents and is estimated to generate at least $500 million annually.
Topics: Citadel Ken Griffin New York City development project tax the rich policy