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Vornado Faces Potential Setback from Controversial Remarks by NYC Mayor

May 5, 2026, 2:26 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The potential withdrawal of a key financial partner like Griffin could significantly harm Vornado's projected cash flows and stock performance.

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What happened, with direct paths to the underlying reporting

Vornado Realty Trust's chairman criticized NYC Mayor Zohran Mamdani's recent video targeting billionaire Ken Griffin, potentially jeopardizing a crucial $4.5 billion skyscraper project. Despite ongoing optimism from Roth regarding the project's future, Griffin's commitment could wane following public backlash, impacting Vornado's revenue and stability.

Vornado's chairman criticized NYC Mayor Mamdani's recent video stunt targeting Ken Griffin.
Griffin's partnership on a $4.5 billion project is now at risk due to the video.
The Park Avenue skyscraper would create thousands of jobs and boost NYC's tax base.
Roth remains optimistic about project continuation despite potential Griffin exit.
Griffin's Miami expansion raises concerns about his commitment to NYC development.

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Vornado Faces Potential Setback from Controversial Remarks by NYC Mayor

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