Vornado CEO Roth Calls Mamdani 'Tax the Rich' Slogan 'Just as Hateful as Racial Slurs' on Q1 Earnings Call

Steven Roth used Vornado's Q1 2026 earnings call (May 5-6) to deliver a six-minute rebuke of Mayor Mamdani's viral pied-à-terre-tax video filmed outside Ken Griffin's 220 Central Park South penthouse. Roth called the video 'irresponsible and dangerous,' compared the phrase 'tax the rich' to 'disgusting racial slurs' and 'from the river to the sea,' and warned the $6B 350 Park Avenue super-tall (Vornado-Griffin-Rudin JV) is now 'hanging in the balance.'

• keptPied-à-terre tax on $5M+ second homes
• brokenCorporate tax hike ($1.75B/year)
• brokenDouble DCWP budget to $135M
• brokenIncrease Human Rights Commission funding to $21M

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