These assholes think he has no power over them. His real estate has the power to devastate a community for DECADES if he leaves it shitty and vacant. They are complete dumbasses. How much of NYC does he own?
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The best way to crush NYC would be to simply reduce rental rates. This would force other building owners to compete by lowering rents and finance agreements require a certain level of dollars per square foot. Defaults would sweep across the city and the city would lose billions in the taxes due to lower lease rates.
I would think the city would tax based on sqft, not on profit/remt/lease amount if government felt they would lose $