Hey NYC: If Mamdani Thought Your Budget Was Underfunded NOW… Just Wait!

Not long ago, Mamdani stood in front of a New York home owned by Ken Griffith, and promised to put the squeeze on him for his part-time residence. Soon afterward, he complained about his budget. Hey Zohan — it’s about to get MUCH worse.

Ken Griffin, head of one of America’s biggest hedge funds, is a well-known conservative donor. That would be the reason Mandani made a point of featuring HIS NYC address in a recent eat-the-rich video and not one of the liberal billionaires that helped get him elected.

Here is the relevant line from Mamdani’s video:

“This is an annual fee on luxury properties worth more than $5 million, whose owners do not live full-time in the city. Like for this penthouse, which hedge fund CEO Ken Griffin bought for $238 million,” Mamdani said in a video announcing the new tax. — FoxBusiness

CNBC’s Sara Eisen was asking Ken Griffin questions in an interview at the Milken Institute Global Conference. She asked ‘where does that leave us at 350 Park’?

Ken Griffin says he’s scaling down in NYC:

“What the mayor of New York has made clear to us, is that we need to double down on Miami.” pic.twitter.com/7nmLCadNFU

— Geiger Capital (@Geiger_Capital) May 5, 2026

Seeing as $350 Park is a six BILLION dollar building project in NYC, that has been under consideration, but is not yet underway, the aggressive tone of an eat-the-rich Communist mayor is an important consideration to weigh before undertaking it.

“We are about to commence the redevelopment of 350 Park Avenue, creating 6,000 highly paid construction jobs and supporting the creation of more than 15,000 permanent jobs in Midtown New York,” Beeson wrote in an April 23 memo to employees.

“The project – if we move forward – will entail more than $6 billion dollars of spending,” he also wrote. The “if” in Beeson’s memo could bear significant weight.

The 62-story skyscraper sitting near the center of Midtown Manhattan’s Turtle Bay neighborhood could be a boon, not only to the city’s construction and finance sectors, but also to local food vendors who have been struggling since the COVID-19 pandemic wiped out Midtown’s foot traffic. — FoxBusiness

The word ‘IF’ stands out in this citation. Fifteen THOUSAND permanent jobs are waiting for the stroke of a billionaire’s pen to green-light the project.

But there is no room for gratitude in the left’s short-sighted politics of envy.

Fifteen thousand new jobs, plus the windfall of revenue the city would receive from the increased property taxes, sales tax, and all the rest could go a long way to filling strained city coffers. Of course, if declare war on the people who could make those jobs possible, both those potential jobs — and the people creating them — will vanish like the morning mist.

He made that VERY clear in referencing Miami.

There will be other projects. But those projects will go forward in places where they are appreciated. If Citadel decides they’re not appreciated in New York, they will take their business elsewhere.

And Mamdani can go back to whining about how mean old businessmen refuse to give him the money he needs to run his utopian fantasies.