Citadel CEO Ken Griffin responds to Mayor Zohran Mamdani’s pied-a-terre tax proposal at the Milken Institute Global Conference, threatening to redirect the planned $6 billion 350 Park Avenue redevelopment and NYC operations to Miami. Griffin says Mamdani’s campaign-style video outside 220 Central Park South was “creepy and weird and frightening.” Citadel has paid nearly $2.3 billion in combined NYC and NYS taxes over five years and employs approximately 2,500 people in the city. The pied-a-terre tax, which would apply a surcharge on high-value non-primary residences, could generate an estimated $400 million to $650 million annually for NYC but may risk driving out major taxpayers and employers.
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