It appears that the "Titans of Wall Street" and real estate developers has a sad because Zohran Mamdani is refusing to genuflect to them.
As opposed to putting these leaders on prestigious advisory panels and giving a tacit veto over policy, he's treating them like they are just another New Yorker.
Imagine that. He's delivering on another campaign promise.
New York City’s business elites are long accustomed to direct access to City Hall, where even Democratic mayors felt the need to court the city’s wealthiest and most influential corporate leaders.
That access is getting shredded by Mayor Zohran Mamdani.The mayor this week fired dozens of corporate leaders from the advisory board of a multimillion-dollar philanthropic fund called the Mayor’s Fund to Advance New York City.
………
Mamdani said he is creating a new advisory board that will include appointees with the same background as previous members, “as well as those who oftentimes have not been at the heart of the conversations of how philanthropy can build upon the work of public goods and public dollars.”
The shake-up marked the latest effort by Mamdani, an avowed Democratic Socialist, to put distance between himself and the city’s traditional power brokers.
“Twenty or 30 years ago, real estate in New York City could single-handedly stop something or make something happen,” said James Whelan, president of the Real Estate Board of New York and one of the board members who was dismissed from the Mayor’s Fund. But under Mamdani, “one has to consider whether he is looking for opportunities to pick fights to stir up the base.”
Or maybe, Mr. Whelan, he is just not willing to sell out to parasites who leverage public dollars for private profit. (That's real estate everywhere, particularly in New York City)
………
And he brought in an antitrust crusader in Lina Khan to chair the city’s Economic Development Corp., the government body that the real estate community closely relies on to execute large-scale development projects.
Merciful heavens! He's not selling out for campaign donations! It's barbarism, I tell you, absolute barbarism!
The real-estate industry is getting used to its new perch from the outside. Earlier this summer, in a hopeful sign of collaboration, the mayor’s office said it was briefing landlord groups on Mamdani’s “Rental Ripoff Report,” a collection of policy reforms responding to tenant complaints over the city’s housing conditions.
But that exclusive briefing never came, at least not for REBNY, Whelan said. REBNY members saw the report for the first time in a press release, just like the rest of the public.
Oh noes! The Mayor is not handing out advance copies of inside information!
Check your privilege.








