Billionaire hedge fund founder Ken Griffin is set to meet with New York Governor Kathy Hochul this Thursday, following a public dispute with Mayor Zohran Mamdani over Griffin's $238 million Manhattan penthouse. The standoff has put a planned $6 billion skyscraper project at risk.
Griffin, who runs Citadel, has been at odds with Mamdani over tax policies, particularly the mayor's proposal for a second-home levy aimed at the wealthy. The disagreement escalated into a broader confrontation that now threatens a major development in the city.
The meeting with Hochul is expected to discuss the future direction of New York City, as Griffin considers whether to proceed with the massive tower investment. The project would be one of the largest real estate developments in the city's history.
Neither Griffin nor Mamdani have commented publicly on the specifics of the dispute, but sources close to the matter indicate that tax policy and business climate are central to the tension.