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Grocery CEOs Threaten Closures Over Mamdani's City Owned Store Proposal
NEW YORK CITY, JUN 25 – Billionaire John Catsimatidis threatens to close or relocate Gristedes over concerns about Mayor Mamdani's $10 billion tax hike and city-owned grocery store plans, risking business flight.
- Zohran Mamdani, a candidate for mayor of New York City, has proposed raising taxes by $10 billion to support initiatives such as municipally operated grocery stores and free childcare services.
- Mamdani, a progressive New York State Assembly member, faces opposition from business leaders concerned about his platform's impact on the city's economy and tax base.
- Wealthy business leaders, including supermarket owner John Catsimatidis and investor Bill Ackman, have indicated they might shut down or relocate their operations due to concerns about the cost and business climate in New York’s financial sector.
- Alina Bonsell denounced Mamdani's platform as radical and financially impractical, stating, "You can't tax your way into utopia," and cautioning that those currently sustaining the city’s economy may choose to depart.
- The debate highlights concerns over potential business and resident departures that could affect New York's fiscal health and recovery amid these proposed progressive policies.
26 Articles
26 Articles
City-run grocery stores in New York? Seattle Councilmember ‘not looking to legislate anything’ after Broadway Whole Foods shutdown
Zohran Mamdani’s political surge in New York City, of course, has a grocery store element. Soaring prices, faded services, and eroded humanity are an industry-wide trend that is hitting harde…
CNN's Cornish Fails To Challenge Democrat Guest On Mamdani's Lunatic Plans for NYC
Zohran Mamdani ran on and won NYC's Democrat mayoral primary on the most lunatic, destructive, left-wing agenda this side of Pyongyang. CNN This Morning host Audie Cornish had a perfect opportunity today to grill a Democrat from the leftist fringes on the party on it. Cornish's guest was Debbie Dingell, a Michigan congresswoman and a leader of the House Progressive Caucus. Cornish punted. Instead of putting her on the spot, Cornish let Dingell …
It’s Still the Economy, Stupid
Playbook: “Mamdani has promised free buses, free child care, city-run grocery stores, rent freezes, wealth taxes and more. And whatever you think of those kinds of pledges, there’s a running theme that plenty of Dems believe was the real lesson from last night: Mamdani won by focusing relentlessly on the cost of living — the issue poll after poll shows voters care about most…” “Of course, one other lesson centrist Dems might like to take away is…
Billionaire CEO warns he'll close grocery stores if democratic socialist candidate wins NYC mayor race
NYC mayoral candidate Mamdani's plan for city-owned grocery stores faces backlash, with Gristedes CEO threatening closures if the $60 million food insecurity proposal proceeds.
‘It would be a disaster’ – Why are NYC biz leaders against Indian- American Zohran Mamdani as mayor?
“It would be disastrous for the city,” said John Borthwick, founder and CEO of Betaworks, a Manhattan-based tech startup studio. Borthwick met Mamdani during a recent Partnership for New York City meeting and came away deeply concerned.
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