Advertisement
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.
Mayor Zohran Mamdani has promised that city-owned grocery stores will bring down prices for shoppers. On Monday, he announced the exact discount: 30 percent for some basic groceries, including vegetables, meat, bread and milk.
The city is moving to select private operators to run five city-owned stores, one in each borough. The city will build the stores and waive rent and property taxes. It is also expected to provide an operating subsidy to help pay for the discounts.
The discount will cover a “core basket” of healthy groceries, including produce, meat, seafood, pasta, bread, yogurt, butter, nuts, rice and beans. The stores will sell other products at regular market prices.
It could save shoppers about $90 per month or roughly $1,000 per year, according to an analysis by the city’s Economic Development Corporation.
Mr. Mamdani announced the discount at a news conference in Brooklyn and said that the stores would set prices for staples once a month based on market-rate average prices across the city.
Advertisement