O’Leary spoke with Fox & Friends Weekend about the dangerous precedent the ruling sets and how it may negatively impact business in the Big Apple.
“Forget about the Trump factor,” he said. “It’s not about that. What does this say to everybody that wants to do work in New York and wants to risk capital? … this judge arbitrarily decide[d] that this is the right amount. I don’t understand it. No developer does.”
He added, “It’s an atrocity. It’s an embarrassment, but it’s an assault on real estate.”
O’Leary echoed his comments Monday on “Cavuto: Coast to Coast” on FOX Business.
“New York was already a loser state, like California is a loser state. There are many loser states because of policy, high taxes on competitive regulation,” he said. “I would never invest in New York now. And I’m not the only person saying that.”
