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NYC’s $70M Grocery Plan Sparks Debate | Wilmington News
New York City is launching five city-run grocery stores by 2030, each offering 30% discounts on staples like meat and produce — a $70 million plan designed to ease the affordability crisis. The city will cover rent and property taxes for operators, aiming to make shopping less burdensome for struggling residents. But critics, including Gristedes CEO John Catsimatidis, warn it could devastate local bodegas and small supermarkets by creating unfair competition. He argues the initiative prioritizes PR over real hunger relief and suggests tax credits for existing stores would be a better…
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