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Story summary
- Mayor Zohran Mamdani announced New York City will open five grocery stores with a 30% discount, the first in the Bronx by late 2027.
- The city allocated $70 million in capital funding for the stores.
- Analysts estimate each store will lose $1.5 million annually, making the first-year taxpayer cost about $78 million.
- Critics, including Adam Lehodey, warn the subsidies could undermine private grocers and spur reselling.
