Developers and billionaires plot to influence Mamdani’s political future

Developers and billionaires plan to sway Mamdani's political future

Wealthy developers and billionaires are plotting Mamdani’s political downfall, while some accept his victory and seek collaboration; others aim to defeat him.
Emily Johnson9 September 2025Last Update :
Early Addition: Some real estate developers are 'resigned' to Mamdani winning. Others aren't. - Gothamist
gothamist.com

Some New York real estate developers are resigned to Mamdani winning the upcoming election, while others are still hopeful. This divide reflects ongoing political tensions ahead of the September 9, 2025, vote. The situation has drawn attention from major media outlets, highlighting the influence of wealthy developers in city politics.

5 Key Takeaways
  • Some developers accept Mamdani's likely victory.
  • Wealthy NY developers strategize against Mamdani.
  • Developers now willing to collaborate with Mamdani.
  • Billionaires plan to undermine Mamdani's campaign.
  • Cuomo attracts wealthy donors, influencing political race.
Fast Answer: Developers are split on Mamdani’s chances, affecting city development plans.

As the election approaches, wealthy developers are meeting to strategize around Mamdani’s potential victory. Some are accepting his win, while others are actively seeking ways to oppose or work with him. The New York Times reports that these divisions could impact future real estate projects and city policies. The political landscape remains tense, with billionaire backers plotting Mamdani’s downfall, according to The Telegraph. Meanwhile, some developers are shifting from opposition to cooperation, hoping to influence the new administration. The election results are set for September 9, 2025, and could reshape the city’s development trajectory.

Caution! Developer divisions may influence future city policies and real estate growth.
  • Major developers are split on Mamdani’s potential victory, affecting their strategies.
  • Some wealthy backers are actively plotting against Mamdani, per reports.
  • Others are willing to collaborate if Mamdani wins, aiming to shape policies.
  • The election on September 9, 2025, could significantly impact city development plans.

This political divide among developers highlights possible shifts in city planning and real estate investments following the upcoming election.

Stakeholders should monitor how these alliances evolve, as they could influence New York’s urban landscape for years to come.

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