Zohran Mamdani stood by his decision to single out billionaire Ken Griffin in a viral video promoting a proposed pied-à-terre tax, saying Friday he has no regrets as tensions grow between City Hall and the hedge fund giant.

Speaking to reporters in Brooklyn, Mamdani declined to express regret for referencing Griffin’s Manhattan penthouse in the video, which was filmed outside the Citadel founder’s 24,000-square-foot residence on Central Park South—purchased for $238 million in 2019.

“That home, when it was purchased, was the most expensive home in the United States of America, publicly reported, and it was described as such,” Mamdani said when pressed by reporters during an unrelated press conference in Brooklyn.

“And in a political environment where there is always an attempt to describe any increase in taxes as if it would be one that would apply to all, we wanted to make very clear that this applies to a very select group of properties,” he said.

The remarks followed Mamdani’s April 15 video, in which he declared “today, we’re taxing the rich,” highlighting Griffin’s luxury apartment as a prime example of properties that would fall under Gov. Kathy Hochul’s proposed levy on high-end secondary homes in New York City.

The comments drew a sharp response from Citadel, where a senior executive criticized the mayor in a strongly worded internal email and raised the possibility of pulling back from a major development project in Manhattan.

“From his comments, it is apparent that the Mayor’s view is that these individuals do not contribute enough to the greater good,” Citadel COO Gerald Beeson wrote in the message.

“It is shameful that he used Ken’s name as the example of those who supposedly aren’t carrying their fair share of the burdens associated with New York City’s often costly and wasteful spending,” he wrote.

“In doing so, the Mayor has once again manifested the ignorance and disdain of the elite political class towards those who have been consistently committed to building one of the greatest cities in the world.”

Beeson also suggested Citadel could reconsider its plans for a $6 billion redevelopment at 350 Park Avenue, a project he said would generate thousands of jobs.

“The project – if we move forward – will entail more than $6 billion dollars of spending,” he wrote.

Asked whether he was concerned about the potential loss of the project, Mamdani did not directly address the possibility but emphasized his broader support for economic growth and business success in the city.

“I want New Yorkers to succeed. I want them to build businesses, to grow our economy and to create good paying jobs. And Ken Griffin has been a part of that. He’s an important employer and business leader in our city, and as I do with every New Yorker, I do want him to succeed, as mayor,” he said.

“I will continue to work with business leaders, including Mr. Griffin, as partners in building a city that continues to be the economic engine, not just of this state, but also of this country,” he continued — before pivoting to what he called the nation’s “fundamentally broken” tax system.

When asked again about naming Griffin in the video and whether he would meet with him, Mamdani sidestepped the question about regret but said he is open to dialogue.

“I’d be happy to speak with many business leaders across the city,” he said.

“We all want this city to succeed, and that is something that I’m committed to, no matter a question of unanimity on every single political issue,” he said.

He also avoided answering whether he had personally reached out to Griffin, instead pointing to broader economic concerns facing the city, which he described as a “a generational fiscal crisis” exceeding the severity of the 2008 downturn.

Mamdani said his focus is on balancing the city’s finances by asking wealthier individuals and corporations to contribute more.

“And that means Ken Griffin, and that means so many others across the city, and that also means those who would love to join us.”

Pressed again on whether he regretted singling out Griffin—especially in light of recent high-profile violence against corporate figures—Mamdani instead reiterated that his intent was to illustrate the limited scope of the proposed tax.

“And the reason that I gave other examples of this is that this piece of legislation is not motivated by any one individual. Rather, it is one that applies broadly without exception,” he said. “And so the next day, I spoke about a Saudi prince who bought an apartment for $90 million a Russian auto dealer who bought an apartment for close to $30 million in cash.

“I say these things not because I do not want these individuals to be here in New York City or to purchase property in New York City,” he insisted, “but rather to outline that we are talking about a proposal that will have a very narrow impact, and one that is being driven by an intention to ensure that everyone can remain in the city, including those that are taxed.”

{Matzav.com}