Fri Mar 15, 2019, 03:22 AM

AOC SCORES AGAIN: Citadel May Scrap Plan For New York Headquarters After Amazon Fiasco

Shortly after it was revealed that Citadel's billionaire founder, Ken Griffin, purchased a New York penthouse for the record price of $240 million in January confirming once and for all that frontrunning retail orders really does pay, speculation grew that the Chicago-based hedge fund was relocating from the Windy City to the Big Apple. However, following Amazon's recent close encounter with New York socialists which prompted Bezos to scrap plans for a Long Island City HQ2, Griffin may stick to frontrunning the CME instead of the NYSE.

In an interview with David Rubenstein on Bloomberg TV, Griffin said he’s less likely to move Citadel’s headquarters to New York City in the wake of Amazon.com’s decision to abandon plans to expand into Queens.

“Amazon opting out of New York is heartbreaking,” Griffin said, noting that he had been contemplating shifting his main office from Chicago and making New York his primary home when he spent a quarter billion dollars for a modest pied-a-terre near central park.

Griffin's purchase came two years after Citadel signed a lease to become the anchor tenant in a skyscraper at 425 Park Avenue (which will be completed in 2020), eight-tenths of a mile from Griffin’s new apartment (vertical travel not included). Griffin reportedly bought the place because he needed somewhere to stay when in town.

However, Griffin said he has been discouraged by the political climate in the city that resulted in Amazon Chief Executive Officer Jeff Bezos’s decision in February to reverse plans to make Long Island City the retail giant new hub.


He doesn’t want to be the last wealthy person left in NY to sponge off on.

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Reply AOC SCORES AGAIN: Citadel May Scrap Plan For New York Headquarters After Amazon Fiasco (Original post)
Let it go Mar 15 OP
Gunslinger201 Mar 15 #1

Response to Let it go (Original post)

Fri Mar 15, 2019, 06:02 AM

1. She's almost as good at creating jobs as Obama

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