Real estate investor Grant Cardon appeared on Fox Business Network this week following Trump’s verdict and said it will have a profound impact on the city’s economy.
He said no one, including him, wanted to do business in New York City anymore because they no longer trusted the political and legal systems there.
Cardon said people who invested in his company were not even allowed to do business there.
From Fox Business:
“If they can do this to former President Donald Trump, no matter what you say about politics, if they can do this to former President, what can they do to Grant Cardon? What can they do to other businessmen? ” The Cardone Capital founder also chimed in on “Varney & Co.” on Friday.
Carden, who recently pulled his business out of the Empire State Building, warned that Trump’s legal troubles – including a previous $355 million fine in a New York civil fraud case in February – would cause “financial seriousness” for the city. destroy”.
“I have 15,000 investors at Cardone Capital. We’ve raised $1.3 billion. If I went to them today and said, ‘I want to invest in New York,’ they wouldn’t give me the money to do it,” the investors argued.
“That’s one of the greatest cities on earth. No one wants to do business there,” Cardone continued. “I blame the legal system. Clearly, the political system has been weaponized.
Watch the video below:
New York City is already struggling under the weight of crime, lost revenue from people leaving and the crisis at the border.
Now, they’ll also be getting less investment from people like Carden.
This situation will have an impact on New York City that will last for a long time and in ways that are not yet visible.
