Biz leaders pitch ‘exemption’ to Mamdani and Hochul’s pied-à-terre tax
City business leaders are scrambling to offer socialist Mayor Zohran Mamdani a compromise to his planned tax on luxury second homes after one of the prime targets of his proposal — Ken Griffin of the Citadel investment empire — suggested he may reverse a major expansion in midtown , the Post has learned. Steven Fulop, the newish head of the Partnership for New York City, has been lobbying both the mayor as well as the governor’s office about the potential jobs losses and reduction in tax revenues that would ensue if Griffin did indeed reverse course on Citadel’s planned redevelopment of its NYC headquarters. That project is expected to create thousands of jobs and produce billions in tax revenue. Billionaire Ken Griffin suggested he may reverse a major expansion in midtown after NYC Mayor Zohran Mamdani spotlighted his Manhattan penthouse in a viral video announcing a new pied-à-terre tax. Getty Images for TIME Fulop is making the arguments to city and state officials, he tells the Post, as he pushes for an “exemption” to the luxury home tax plan. Mike Vrabel and Dianna Russini’s photo scandal and more: Letters to the Editor — April 26, 2026 “If a person creates
