As New York City gets ready for a historic mayoral election, Zohran Kwame Mamdani has exploded onto the scene as a candidate proposing transformative changes to the city’s educational framework. Central to his vision is ending unilateral mayoral control and redistributing wealth to support equity,

When Zohran Mamdani met last month with the city’s top businesspeople, he was pressed by Rob Speyer, CEO of real estate giant Tishman Speyer, to explain a glaring gap in his agenda: How would he ensure that his vow to freeze rents for New York’s 1 million stabilized apartments does not bankrupt the city’s growing number of distressed apartment buildings?