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re: Mamdani excited first city owned grocery. 30 million dollar project
Posted on 4/13/26 at 4:13 pm to Jbird
Posted on 4/13/26 at 4:13 pm to Jbird
Their profit margin is generally by filtering out losses before actual losses. Produce on sale before total loss, meat thawed out in regulated quantities, any meat products gets repurposed as needed. Better cash register operation to control theft and so on. This NYC project will lose very much, all the time
1
Posted on 4/13/26 at 4:24 pm to LSURussian
quote:
I give the new store 18 months before it closes.
Nah. It'll be hemorrhaging cash, but they'll steal funds from something else to keep it open simply for the optics. No way he'll admit defeat on this issue.
Posted on 4/13/26 at 4:45 pm to lake chuck fan
No doubt he believes
Posted on 4/13/26 at 4:45 pm to Nosevens
Don't discount the theft
Posted on 4/13/26 at 4:53 pm to Jbird
Discount the theft is the least of their problems with no reoccurring profit to repurchase and probably a 20-30% loss at a minimum and 100% loss probably before investing more money this may be the best example going forward
Posted on 4/13/26 at 5:06 pm to Jbird
I want to go slip and fall and then sue
Posted on 4/13/26 at 5:11 pm to Jbird
Hope they run it as well as our government runs the post office.
Posted on 4/13/26 at 5:27 pm to Jbird
The secondary market for groceries is going to be off the hook. Lot's of entrepeneurs going into the grocery business REAL soon. 
The idiocy of this entire thing just screams.
The idiocy of this entire thing just screams.
Posted on 4/13/26 at 6:16 pm to Jbird
One thing we will *never* see is any sort of transparent accounting.
They will find a way to celebrate this as a "success".
They will find a way to celebrate this as a "success".
Posted on 4/13/26 at 9:21 pm to Jbird
What happened to EBT - food stamps for struggling families?
This is a slap in the face for Americans.
It's gonna be a slick way to embezzle (steal or misappropriate) a bunch of tax money.
Americans, especially NY City Dems are going full communist /socialist in what was once a great city for immigrants that wanted to participate in the American Dream.
This is a slap in the face for Americans.
It's gonna be a slick way to embezzle (steal or misappropriate) a bunch of tax money.
Americans, especially NY City Dems are going full communist /socialist in what was once a great city for immigrants that wanted to participate in the American Dream.
Posted on 4/14/26 at 1:46 am to 1loyalbamafan
bump
Posted on 4/14/26 at 2:41 am to Bayou Warrior 64
quote:
City owned grocery store....... what could possibly go wrong?
Posted on 4/14/26 at 2:45 am to Jbird
Sounds like it will be a huge success. They need several of these. lol
Posted on 4/14/26 at 5:16 am to TheFonz
quote:For an established private chain in the New York metro area:
I wonder how much it costs for an established chain to open a store in the New York metro area?
Normal opening: $8M–$18M
Expensive urban flagship: $15M–$25M
$30M+ = Very High Cost.
But very high costs are completely palatable when only Billionaires and SugarPlumFairies foot the bill
Posted on 4/14/26 at 6:36 am to Jbird
Just read this whole thread...found it interesting that all the board lefties digging at Trump in other threads, cant find their way in here to let us know how this will work out.
Posted on 4/14/26 at 6:57 am to HagaDaga
quote:
Just read this whole thread...found it interesting that all the board lefties digging at Trump in other threads, cant find their way in here to let us know how this will work out.
weird
Posted on 4/14/26 at 7:03 am to Jbird
Evil. We can all see California and Illinois. Yet they are repeating Marxism ruin AGAIN...
Posted on 4/14/26 at 7:06 am to Jbird
La Marquita will set the record for transitioning from grocery to gym in less than a year…..
Posted on 4/14/26 at 7:08 am to BuzzdLightBeer
quote:
It Costs Aldi about $1.5-3M to Open a New Store The 5 New York City Run Grocery Stores are budgeted at $60M total The First Store actually has a $30M Budget to Open This is after the city will own the sites, waive rent and property taxes, and partner with third-party operators while subsidizing to keep prices lower. So with a TON of regulations waived, costs absorbed by the tax payers, the project still has a 10x budget,(which they will go way over)
Let me guess. The Muslim mayor forgot to mention or explain any of this
Posted on 4/14/26 at 7:58 am to NC_Tigah
Story time
In 1987, Boris Yeltsin visited a Houston grocery store and stood stunned in the produce aisle. The future Russian president couldn't believe ordinary Americans had year-round access to bananas, 30 types of bread, and shelves that never emptied.
He later said this moment convinced him communism had failed. Meanwhile, Soviet citizens queued for hours just hoping the bread truck would arrive before supplies ran out. The contrast wasn't subtle: one system trusted millions of daily decisions by individuals, the other trusted a handful of bureaucrats in Moscow to coordinate everything.
Today's supply chain crises offer a tiny glimpse of what central planning delivers permanently. When politicians promise to "fix" markets, remember Yeltsin's shock at seeing what happens when you simply let people trade freely.
Where he was coming from and why it was such a shock.
Loading Twitter/X Embed...
If tweet fails to load, click here. In 1987, Boris Yeltsin visited a Houston grocery store and stood stunned in the produce aisle. The future Russian president couldn't believe ordinary Americans had year-round access to bananas, 30 types of bread, and shelves that never emptied.
He later said this moment convinced him communism had failed. Meanwhile, Soviet citizens queued for hours just hoping the bread truck would arrive before supplies ran out. The contrast wasn't subtle: one system trusted millions of daily decisions by individuals, the other trusted a handful of bureaucrats in Moscow to coordinate everything.
Today's supply chain crises offer a tiny glimpse of what central planning delivers permanently. When politicians promise to "fix" markets, remember Yeltsin's shock at seeing what happens when you simply let people trade freely.
Where he was coming from and why it was such a shock.
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