John Catsimatidis | Fox Business

New York City mayor Zahran Mamdani is planning to create a network of city -owned grocery stores to reduce the food costs facing the industry, as the head of the Manhattan -based grocery chain was elected by selling or closing business if Mamdani was elected.

John Catsimatidis, CEO of Grocedes and D’Agostino Geddes, found a mistake in Mamdani, saying they could not compete in the market if there are supermarkets in the city.

“Will Mamdani run supermarkets with the help of the federation? When people start the theft, will he arrest them from the policemen,” Katmsatidis told the New York Post.

Mamdani, a member of the New York State Council, a self -defined democratic socialist, brought the gap against former ruler Andrew Como in the period before the election day on Tuesday.

Buy now, and to pay the use later to the grocery, almost double as consumers struggle with food costs

Regardless of the city’s grocery stores, Mamdani carried a promise to “reduce costs and make life easier” for the New York population, which includes building more housing at reasonable prices, ensuring that buses are free and get rid of the costs of child care for every 6 weeks from New Yorker to 5 years.

X user also called Mamdani’s proposal to New York City, “The most clear economist I have seen long ago.”

In contrast, a group of economists formulated a letter published on the Internet earlier this month, saying, “The economic data is clear: when the public sector is taken to correct the market failure to provide basic commodities, consumers benefit.”

Fox Business has arrived in Mamdani to comment.

If he is elected, Mamdani said that he will redirect the city’s funds from the company’s supermarkets to the city’s grocery stores “whose mission is less than prices and not prices,” according to a video posted on its website.

Zahran Mamdani, a member of the New York State Board and New York City mayor’s candidate, said that he would redirect city money from supermarkets to the city’s grocery stores if elected. (Reuters/Ping Joan)

Grocery stores will not pay rental taxes or property taxes, which would allow them to reduce public expenditures and pass savings to shoppers, according to Mamdani. They will also buy and sell at wholesale, storage and distribution centralization, and partnership with local neighborhoods on products and sources.

More Americans resort to cooking at home with the weight of economic interests

He said in the video: “The function of the city’s government is not tampering with the edges, while a child out of four children across our city is affected.” “With New York City spending millions of dollars to support private grocery store operators (who are not even wanted to take Snap/WIC!), We must redirect public funds to a real public option.”

People shop in a grocery store in Brooklyn on May 13, 2025, in New York City. (Spencer Platt/Getty Emochem)

In an interview with Mars, Mamdani estimated that a pilot program for this plan would cost $ 60 million to implement, but he said that the city is scheduled to spend more than twice that on the company’s supermarkets.

Get Fox Business on the Go by clicking here

A spokesman for the National Association (NGA) told Fox Business.

The spokesman said: “We urge public employees at all levels of the government to direct the resources towards the implementation of the Robinson Batman law, to break the discrimination in prices and monopolistic financial lever, and to cooperate with governmental and federal agencies to break down barriers on the transmitted fees and organizational burdens.” This will “enable independent groceries and enhance food ecosystems more than the government -run -up shops.”

Robinson Batman’s law was enacted in 1936 and is prohibited to discriminate in prices that may harm competition.