Mayor Eric Adams on the Future of New York City

20 Jul 2025 · 46 min · 17 chapters

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In short

Mayor Eric Adams discusses New York City nightlife, housing expansion (“City of Yes”), affordability policies, crime/quality-of-life enforcement (rats, encampments, subway disorder), immigration/sanctuary-city rules, and his views on socialism and political opponents. He also addresses hotel capacity and campaign/political strategy.

Guests

Eric Adams (New York City mayor). Hosts: Joe Weisenthal and Tracy Alloway (Odd Lots podcast, Bloomberg). No other guests appear.

Key claims

Adams says his administration will build more housing in one term than Bloomberg and de Blasio combined, including NYCHA reforms (land trust, RAD, and a plan for Reese Houses with “zero displacement”). He argues community boards and elected officials often oppose building in their districts. He claims major affordability gains: excusing medical debt, expanding EITC, reducing child care costs, and lowering subway costs for low-income riders. He says crime and rats improved after removing encampments and guns, but subway mental-health crises remain. He insists NYC will not cooperate with ICE on civil enforcement, only criminal enforcement. He argues socialism fails globally and that billionaires fund civic institutions.

Notable examples

Elizabeth Street Garden controversy (125 units proposed vs 625 units achieved elsewhere); Willis Point (2,400 affordable units); Sunset Park project; removing 22,000 illegal guns and 100,000 “ghost vehicles”; 8,500 people taken off the subway; “PAV team” and “scout teams”; 65 million tourists last year; “City of Yes” zoning approach.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

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Introduction to ChatGPT Work

0:00 to 0:35

Learn about the new features of ChatGPT that facilitate productivity.

“Some people treat ChatGPT like some kind of smart search engine, and some use it to get work done.”

Nightlife in New York City

2:23 to 3:42

Discussing the current state of nightlife and its economic significance.

“I think this is my second time this week or was it last week?”

Housing Policies Overview

3:42 to 6:19

Mayor Adams outlines his comprehensive housing reform proposals.

“But it still shuts down earlier than it used to.”

Community Reactions and Housing Challenges

6:19 to 8:13

Exploring community concerns and challenges in housing development.

“So our goal in the future as we move forward, we want to build faster.”

Addressing Cost of Living and Affordability

8:13 to 12:41

Mayor Adams discusses efforts to manage living costs for New Yorkers.

“But how do we leverage the best for the city?”

Defining Socialism in Context

12:41 to 14:01

Mayor Adams shares his perspective on socialism and its implications.

“So it's easy to talk about pie-in-the-sky ideas that is not within the span of the control of the mayor.”

Defining Socialism in New York City

14:01 to 16:48

Explore Mayor Adams' unique perspective on socialism and its impact on NYC.

“Well, first, I would say that 70 percent of New York is like the theme and concept of socialism.”

Defining Socialism in New York City

17:44 to 18:39

Explore Mayor Adams' unique perspective on socialism and its impact on NYC.

“Let's talk about healthcare for a second.”

Defining Socialism in New York City

18:44 to 19:15

Explore Mayor Adams' unique perspective on socialism and its impact on NYC.

“Seize your opportunity at michiganbusiness.org.”

Navigating Federal Relationships

19:15 to 23:12

Delve into Mayor Adams' stance on federal collaboration and political dynamics.

“Should any mayor of New York City currently, should the mayor have a oppositional relationship with Trump?”
Show all 17 chapters

The Sanctuary City Debate

23:12 to 28:00

Discuss the implications of New York's sanctuary city status and ICE's role.

“What do you think about the Trump administration's refusal to release the Epstein files?”

Mayor Adams on Safety and Immigration

28:00 to 36:55

Learn about Mayor Adams' approach to public safety and immigration enforcement in NYC.

“But I'm going to collaborate with law enforcement agencies, HSI, FBI, ICE, when it comes down to keeping this city safe.”

Sponsor: IBM

36:56 to 38:22

Discover how IBM embeds AI across various business processes.

“The thing about AI for business, it may not automatically fit the way your business works.”

Challenges in NYC Tourism and Politics

39:49 to 42:00

Examine the challenges NYC faces in tourism, housing, and political funding.

“particularly some of our domestic tourists.”

Andrew Cuomo's Political Maneuvering

42:00 to 47:24

Explore Eric Adams's perspective on Andrew Cuomo's tactics in politics, including how he impacted other candidates' campaigns.

“And so that broke crack pipe back then when I did it.”

Reflections on the Primary Outcome

47:24 to 48:08

Mayor Eric Adams shares his thoughts on the Democratic primary and his expectations for the election outcome.

“I do think it's a really interesting—New York is obviously a really interesting petri dish in which to experiment with a lot of economic policies.”

Quality of Life Issues in NYC

48:08 to 50:33

Discussion on the ongoing quality of life challenges in New York City, including housing and public services.

“I liked your question about when is there some magic line from which progressive taxation becomes socialism?”
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Transcript

Automatic transcript. May contain errors.

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1:17And Michigan delivers on that promise. From emerging startups to global enterprises, Michigan offers what executives value most, a resilient, innovative ecosystem, diverse communities that attract top talent, and a quality of life that supports work-life balance. With our unified Team Michigan approach, businesses scale faster and compete at the highest level. Michigan, pure opportunity. Seize your opportunity at michiganbusiness.org. Bloomberg Audio Studios. Podcasts. Radio. News.

2:01Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Weisenthal. And I'm Tracy Alloway. Tracy, we have a special episode of the podcast today, which needs very little introduction, But we are speaking to the mayor. I love our transition to local city reporters. It's really fun learning about our city. Mayor Adams, New York City Mayor Adams, thank you so much for coming on Odd Lots.

2:23Eric Adams:Thank you. Thank you. I think this is my second time this week or was it last week? The days go this fast, but it's right here being at Bloomberg. It's fantastic. Thank you so much. I read an article recently from the journalist Derek Thompson. He was talking about the death of partying in America. People apparently don't party as much as they used to. New York City people still party, but like, you know, there aren't as many 24-hour clubs as they used to be. Apparently, there's fewer 4 a.m. liquor licenses, et cetera. You're a man who appreciates nightlife and partying. What happened? Why don't people party as much as they used to?

2:54Eric Adams:Great question. And first of all is why do I appreciate the nightlife? It's a$30 billion industry. And we viewed the city often as mayors. We viewed it as nine to five, but it's not. When I was a police officer, I worked overnights, midnights. And when I go into a nightlife, a restaurant, I walk in the kitchen, I talk to the dishwasher, I talk to the busboy or girl. Those are everyday working class people. And I knew when I came back after COVID, I had to turn our nightlife around. And we did that. You can't get reservations in the city anymore. Broadway had the best 12 months in the history of the city.

3:36Eric Adams:And part of coming back out at night is what is our signature? New York, the city that never sleeps. So there's no party crisis? No, it's not. But it still shuts down earlier than it used to. No, it does. And part of the problem, I believe you have far too many people on community boards that have been for a long time, and they're not connecting the economics with their desire really not to have any nightlife. Nightlife is important of the community. It's allowed to let off some steam, networking, really collaborating. Listen, you come to New York, you're going to find your mate here because of the diversity of this great city.

4:14I wanted to ask about some other specific policy proposals, specifically housing. And, you know, I went to your website and I saw the sort of summary of your proposals. And then I clicked in to learn more. And it took me to your previous accomplishments under your first term. So I'm really curious if you could maybe broaden out some of your housing policies. Like, what exactly are you talking about here?

4:38Eric Adams:Well, first, let's look at the fact that when you look at shovels in the ground and what we're proposing in Arizona, including the most comprehensive housing reform in the history of the city. 60 years previously was the first time we really started looking at housing and some of the reform. We're going to build more housing in one term than the 12 years under Bloomberg's, the eight years under de Blasio combined in one term. And$25 billion we put into our 10-year capital plan. In addition to that, for the first time in history, we are including NYCHA housing into the plan. So we're looking at a couple of different locations.

5:19Eric Adams:Number one, we saw the federal and state government walk away from NYCHA. NYCHA has an$88 billion capital problem. We had to find new ways of building on NYCHA. We did the land trust. Many people tried. We got it done. We're also doing the RAD program. Many people have attempted to do it. We got it done. The amazing project that we are getting ready to do in Reese Houses, where we're going to tear down old buildings, build new buildings, and without zero displacement of tenants, that's how we deal with the NYCHA issue. Then we realized that if we want to build more housing, we have to build everywhere.

5:55It was unbelievable how many elected officials were stopping that building. 59 community boards, 10 of those 59 were building more affordable housing than 49 combined. So our goal now is to build all over the city.

6:09Eric Adams:And that's what City of Yes was about, a little more housing in every community that we could allow residents and tenants to stay in their community instead of leaving the city. So our goal in the future as we move forward, we want to build faster. We want to build more. Drive by Willis Point right now, 2 ,400 units of affordable housing that's there. New soccer stadium that's paid private dollars. A new school, new open space. And you see the builders actually going up in the same term. So our focus is building more and building everywhere. The first time I ever heard about controversy at the Elizabeth Street Garden was in 2018, I think.

6:49And then now it's 2025 and you've come out and said, OK, like, let's move on. Let's not continue to fight this. But setting aside whether it's right to use that space for housing or not, like setting aside these questions, why does it take seven years or longer to come to answers on these questions?

7:05Eric Adams:Great question. And if you do an analysis over all the things that we've done, we landed planes that no one else was able to do. When you read all the noise, take all the noise out of the administration and just say, okay, let's look at the raw numbers. Like you said, your listeners are sophisticated. That's right. Look at the raw numbers. We were able to land a plane on Governor's Island. We were able to land a plane in Sunset Park. We were able to land a plane on these difficult tasks. So what did we do when we brought in Randy Mastro as the first deputy mayor? He looked at it. He says, how can we leverage this space?

7:42Eric Adams:How can we walk away with a win? We did. Elizabeth Street Garden was going to do about 125 units of housing, 120 units. We're going to get 625 units of housing. And we got elsewhere after years of fighting about it. Yes. This is New York. Let's be clear about this city. Yeah. Yeah. Wherever you whatever you try to do, we got eight point five million people. We have thirty five million opinions. You always going to have New Yorkers no matter what you attempt to do. But how do we leverage the best for the city? So we took the concerns of Elizabeth Street Garden. People were concerned about that.

8:20Eric Adams:They wanted to hold on to the garden. And I said, you got to give me a plan that I could deal with the number one crisis I have in the city. And that is housing. And we were able to leverage that space and walk away with over 600 additional units of affordable housing. That's the win, no matter how you talk about it. What's the broad lesson from that experience? Because when we were talking about nightlife just then, you know, it sounds like community groups and special interest groups are still an impediment or an obstacle to some of the things that you seem to want to do. Is there anything you're thinking about to maybe like encourage more cooperation, build up that city of yes idea?

8:59Yes.

9:00Eric Adams:And, you know, what we witness in the city, particularly in our elected officials, our elected officials on Monday, they say housing is right. But on Tuesday, they say not in my district. We don't want to hear. And if I walked away with anything in the last three years or seven months is that you have to ignore the noise. You have to do what's best long term for the city. And it's a retrospective appreciation. And if you do an analysis, not only in housing, look how far I was away from where the noise of the leadership of the Democratic Party. When I was talking about taking severe mental health illness off our streets, I got an unbelievable pushback.

9:40Eric Adams:When I talk about investing in the police department, when others were talking defund the police, everyone was pushing back. And now we see records and levels of decrease in crime. when I was talking about the cannabis fight, that we had to do something about it. So when you look at where I was, even in housing, everyone was pushing back on City of Yes until they all came to where we were. And when you live these experiences, you have a different eyesight than others. And so what I want for my local community groups and organizations is to understand we're in the city together. And far too often, folks said that, listen, I have my backyard, I have my park, I have all that I want.

10:20I don't want any additional people here. But if you do that, then you're going to hurt the long-term plan of this city. So your main opponent in this race has made affordability the sort of cornerstone. And you've talked about, obviously, the expansion of affordable housing in New York City under your administration, which is real. Nonetheless, New York City is a crazy expensive place to live. Yes. I think it's worth it because I think it's the best city in the world. So it's like, you know what, I'll pay the high cost of housing here because I love New York City. But do we just have to accept, you know, it's sort of in the same way you said, OK, you know, New York's always going to have 35 million opinions for 8.5 million residents.

10:58That's New York City. Do we just all have to accept that the city has to be incredibly expensive?

11:03Eric Adams:No, no, we don't. And what government must do is utilize their powers to help working class people. And when you think about it, that's what we have done. We put$30 billion back into working class people. And we looked at what is driving the course. Number one, as we talked, affordable housing was one area. And we're doing that. We're building. We're breaking records. Year one, year two, and year three, we build more affordable housing individual years in any other administration in history. But look at the other areas. What's the number one cause of bankruptcy? Medical debt. We are excusing medical debt for low-income New Yorkers, foster care children.

11:48Eric Adams:Six to seven hundred age out every year. They slip through the cracks. They don't get the support that they deserve. We're paying their college tuition and we're giving them life cultures until they're 21 instead of aging out at 18 so they don't slip through the cracks. Or what hurts women the most, but families in particular, child care. We dropped the cost of child care from$220 a month to less than$20 a month. We were the first one in 20 years to increase the earned income tax credit. We're paying for high-speed broadband and low-income housing in NYCHA and other locales in the process. Reduce the cost of using our subway system for low-income New Yorkers.

12:30Eric Adams:So the real message is I can't handle the price of bread, but I can put bread back in the pockets of New Yorkers. And we've done it at the sum of$30 billion. So it's easy to talk about pie-in-the-sky ideas that is not within the span of the control of the mayor. Like free buses. Free buses is a three billion dollar price tag. And if you're stating that the foundation of your plan is based on increasing taxes on high one percent earners, when in fact you don't have the authority to do that, you know who has the authority? Assemblyman. My opponent is an assemblyman. If he couldn't get it done as the assemblyman, how is he going to get it done as a mayor, particularly when the governor who signs off on it stated that she's not raising income taxes?

13:18New York City is the highest income tax in the country. The state is the highest in the country. And so what I did, putting money back in the pockets. Do you know there's no income tax for low income New Yorkers in the city because of my acts to tax? That is how you look at the power of the mayor's office and say, how do I help broken class people? I'm blown away that he has hijacked the narrative of being a broken class mayor and putting money back in affordability issue when I've done it. My record is clear on putting money back in the pockets of broken class people. Since we're talking about your opponent's policies, Zoran Mamdani, you've said that New Yorkers don't understand what socialism is.

14:00Can you give us your definition of socialism? Like, what is socialism to you?

14:05Eric Adams:Well, first, I would say that 70 percent of New York is like the theme and concept of socialism. And many people, if you were to ask, they would tell you they'd never been to a socialist country. I've been to a communist and socialist country. I've been to Venezuela. I've been to Cuba. I know what ration books are. I think it is the concept that you're going to take money from one area of the population and equal it out across the board. And many government run locales and facilities such as supermarkets. Now, when you do that in concept, it sounds good. But if you open a government run supermarket, you're going to kill the bodega industry.

14:46Eric Adams:You're going to kill the independent supermarket industries. So I think the whole concept of believing as though resources from the top end, that those who believe that we should not have any billionaires in the city, which I just don't, it doesn't balance out because when you look at where the tax dollars come from and spreading the wealth, if you want to use that classification, across the entire population. that doesn't work for me has never worked anywhere on the globe. There's not one country we can point to that says this concept has been successful. I mean, we do have progressive taxes, though.

15:24You just said that lower income New Yorkers don't have to pay New York tax. So there is an element of that here. Like, is there a point at which it's too much or like what exactly is the issue?

15:33Eric Adams:When you say it's too much, explain it to me more. Like, is there a point at which the redistributive effects? Flips into socialism. Yeah, flips into socialism. Well, I think so. I think there's a balance. And I like to say all the time, I want the person who drives the limousine to get a fair wage and be able to provide for his family. And I want the person that sits in the backseat of the limousine to be able to use his discretionary dollars or her discretionary dollars. When you look at the billionaires in this city that everyone wants to demonize, they're the ones who pay into their philanthropic actions into our museums.

16:07They're the ones that sponsor like the Robin Hood Foundation to deal with where people are slipping through the cracks. They're the ones in their tax dollars are paying for our teachers and our firefighters and those who are on the low economic end. That perfect financial ecosystem is what makes a city like this great. So if your position is that particularly in the atmosphere where you now could run your organizations and entities outside the city, you can easily go to Connecticut, New Jersey or Miami, which we lost a great deal of high income earners. If your position is we don't want you here in our city, ideally, that's attractive to people to hear we're getting rid of all the billionaires.

16:47Eric Adams:But when you drill down in the numbers, those billionaires are keeping the lights on. And because we have billionaires, we're able to do things like acts to tax for the working class.

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19:10Pure Opportunity. Seize your opportunity at michiganbusiness.org. Going back to something you said earlier, you're talking about federal funding, federal support for NYCHA, the public housing. Should any mayor of New York City currently, should the mayor have a oppositional relationship with Trump? A lot of people want that. A lot of people want the mayor to stand as a bulwark to some extent against Trump's policy. You obviously benefited from the fact that he dropped charges or his DOJ dropped charges against you. There's been cooperation in terms of ICE on Rikers. How do you think about the fact that whether, you know, this sort of sort of, yeah, de-Trumpifying New York City for both the citizens and also undocumented residents?

19:54Eric Adams:You know, the most dangerous thing that being a mayor during this time is people read headlines and not the full scope, you know, and that's unfortunate. when you think about it. Sometimes you tell a lie long enough, it becomes the truth. And when you look at the definition of the relationship I have with the current president, everyone is ignoring the relationship I have with President Biden. I call myself the Biden of Brooklyn. Everyone knew that. I watched that video. I saw that clip. I've watched it like 10 times, I'll have to admit. Because we had a good relationship and I liked the president.

20:26Eric Adams:Do I believe there were those in his administration that participated in lawfare? He actually said it. He said his Justice Department was politicized when he pardoned his son. He knew what was happening there. But Biden came to the city and spent the whole day with me when I was dealing with law enforcement issues. And we didn't have an ATF head, someone to be in charge of the alcohol, tobacco and firearms. And he appointed someone. He visited my crisis management team. He sat down and spoke with me about going after violence, which was the issue that I ran on. And so the same goes to for this president.

21:04I didn't know Donald Trump. A lot of people don't realize that. I didn't know him until I met him at the Alfred E. Smith dinner. And he spoke with me. He was on a campaign trail prior to even meeting me.

21:14Eric Adams:And it's wrong what they're doing to this mayor in New York City. And he saw what was happening. And when he came into office, the same things I was saying about dangerous migrants and asylum seekers pre-election, I was saying post-election. And when I walked out of the voting booth on election day and the microphone was in my face and they said, who did you vote for? I said, VP Harris. I was very clear. You know, did I disagree with what I saw the Democratic Party was doing? Yes. But I still remained loyal to do what I thought was right to do. So when you fast forward to today, we took the administration to court more than any other mayor in the country.

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21:58No other mayor's going to court as much as I have, pushing back on the policies. But when we needed the president of the United States to look at a project we had in Sunset Park, a windfall, billions of dollars investment of 500 ,000 homes were going to use the energy, 1 ,500 union jobs. I flew to Washington and sat down with the president and said, Mr. President, we can't have this project destroyed. He lifted the stop work order. That project is now moving forward. That's what mayors of big cities are supposed to do.

22:29Eric Adams:Now, I can pout in the corner and just call the president names and say, well, you know what? People are upset of the outcome of the election. But how does that help New York? How does it help New York to communicate and coordinate to go after dangerous people? We have dangerous Venezuelan gangs in the city. They were forcing women who are migrants and undocumented into prostitution. I coordinated with federal authorities. We took down the 27 gang members. We were able to for gun possession and other dangerous crimes. So it is my job as the mayor of the biggest city in America to sit down and not war with the president, but work with the president to deliver for the people of this city.

23:11This is the perfect segue for me to ask something that might seem slightly random, but actually I think it's relevant because you've recommended before that New Yorkers should read Kash Patel's book all about the deep state. What do you think about the Trump administration's refusal to release the Epstein files?

23:30Eric Adams:I would love to see what's in those Epstein files. You know, I think we all do. You know, I'm eager to look at UFOs. You know, there's so many history. I'm still trying to figure out who killed Kennedy. Well, that was another thing that was promised. What's going on here? Because a lot of people are really confused. Because for years, this was a... It was a campaign promise, basically. Yeah, and then suddenly it's like, it's a hoax. Do you have a guess for what's going on here? Not at all. I don't know if his advisors or security personnel advise otherwise or timing. I have no idea. I look forward to seeing there's so many deep secrets in America that I think we all want to know.

24:09Eric Adams:And it's imperative that as much as we can find out is possible. And I want to talk about Cash's book, which I thought was a good book. People laugh at the terminology of a deep state. But it is. We have people in government who have been in government through presidents, through mayors, through governors. And they're very arrogant. They believe they are the elected. They believe they answer to no one. They believe that they are able to hold up projects that they don't like. And I saw that firsthand as the mayor. And they're connected to reporters. They're connected to prosecutors. And they're connected to be able to write a letter on you in a minute.

24:50They get a story planted in a minute and leaks. And I saw it and how it operates. Now, think about this for a moment. Everybody let it go over their head. The Southern District of New York classified themselves as sovereign. I mean, we need to really think about that as sovereign. There's no sovereign entities in America. Everyone responds to someone. If you believe you have to report to no one, even main justice, you could do whatever you want. That's unacceptable. And I should outrage every American that any entity with that level of prosecutorial power that can really disrupt your life. You know, people didn't read my indictment.

25:31I was indicted for calling the fire department, asking them to do a building inspection, not to pass what I ran on. I ran on making the FDNY respond to businesses that could not open. And they connected it to, well, you had a bunch of upgrades when you paid for your travel. And we're going to now turn that into bribery and we're going to put you in jail for 33 years. Come on. I want to go back to ICE for a second. I take your point absolutely about violent criminals and the need to address them, whether they're migrants or not. But obviously, you know, there's ice raids happening across the country, including nonviolent but undocumented migrants.

26:19New York City has a long history of being a self-designated sanctuary city. Setting aside the sort of violent criminal element, what is the degree to which, you know, this is going to continue presumably going forward, at least to the rest of the Trump administration. What is the degree to which you're inclined to cooperate with the administration on nonviolent, undocumented migrants?

26:41Eric Adams:We don't. We're very clear. And as you mentioned, the city is a sanctuary city. And understand, sanctuary city is not a law. It is a belief that we believe in this city. If you're in New York and you buy a bottle of water and you pay taxes on that, those taxes go to your goods and services. So in this city, if you are documented or not, we don't question you on that. You can go get medical assistance if you need it. Your child will be able to go to school. You can call the police if you're a victim of a crime. You could make sure that you could walk the streets of the city of New York. And that is what our entire belief system is.

27:23Eric Adams:We will never cooperate or collaborate with ICE on civil enforcement. That is against the law. We've never done and we never will. We will coordinate with them when it comes down to criminal enforcement because we need to be very clear on this. And I think this has been distorted. ICE is not a criminal organization. People could dislike. I don't like the IRS taking money out of my pockets, but it's still a federal agency and it's needed to make sure our tax dollars are collected and spent. ICE is not a criminal organization. ICE is a federal law enforcement agency. Our city has determined that parts of their duties we are not allowed to collaborate with.

28:04We respect that and we never will. But I'm going to collaborate with law enforcement agencies, HSI, FBI, ICE, when it comes down to keeping this city safe. These gangs were extremely dangerous and you had others who were committing real crimes in this city. And I don't care if you're documented or undocumented. After 22 years of being in the law enforcement community, I'm going to keep New Yorkers safe. But isn't ISIS definition of a crime that includes basically anyone who entered the country illegally? Right. That's the problem. They're not distinguishing between gang members, violent criminals and people that, you know, are just trying to work.

28:44Eric Adams:Great question. Because it is a crime to enter and remain. That's a crime. We don't collaborate on that. OK. Because it's clear in our law that of certain even crimes of that nature, we will not collaborate in. And so when it comes down to that level of crimes, we will not collaborate. We're very clear on what we will collaborate. But I also want to point this out because it's often ignored. Someone is always pointing a mic in my face and saying, hey, what are you going to do about what ICE is doing? That's a federal agency. I think we're allowing our federal electors off the hook. I don't control the rules of the federal agencies.

29:28I don't have—I have the city council. That's my job, to look at laws, to sign in laws. You know, we're not asking our federal partners enough, hey, guys, what are you doing about this? That's not my job. The enforcement of immigration is a federal authority, not a city authority. I'm going to do my job. I don't control who come across the border. I control who's in the city when they are across the border. And I told President Biden this. I said, listen, we have a porous border. I went down to El Paso. I went down to the Daring Gap, to Ecuador, Colombia, Mexico, and I saw the flow and I saw how they were telling people the streets are paved with gold in New York.

30:12Eric Adams:Why don't we control the flow? We have serious population issues across our country. We should be allowing people to come into the country and say, hey, Kentucky need backstress workers in the racing industry. Here's where you're going for three years, and then you could go wherever you want in the country. This is a win-win if we handled it better. We had no control at the border. We were allowing anyone to come through. Now that we see a substantial decrease, we're no longer getting 4 ,000 people a week into the city, which was just not sustainable. Speaking of crime, the crime stats have improved a lot in the last couple of years.

30:51I've been monitoring your war on rats. Joe says he's a single-issue voter on the rat problem. I've been very impressed with the war on rats, and I've looked at the stats on 311 calls for rats, et cetera. On the other hand, the city is still dirty. when I take my kids to the park, only half the time can I expect to be able to, not even half, like find a clean bathroom, elevators at the subway is still like, you know, it's, this is a world-class city. Do we just have, again, sort of going back to the thing, like, is this inevitable that a city like New York City has to have it so that we don't even have clean bathrooms most of the time?

31:29Like speaking, like from a family issue, like public childcare, obviously incredibly be important. But there's all these other things that make it much more difficult, I would think, than it needs to be that I feel like everyone has just come to accept like, you know, we can't have clean bathrooms in a public park.

31:43Eric Adams:I agree with you 100%. I would never accept a city where there's disorder, there's chaos and there's dirt. I just don't. Remember when I came into office? Many people don't realize that. We had encampments in our subway system. It was the worst of the COVID pandemic, but yeah. All over. We're along highways. January and February, I went out, and there's still pictures that someone sent me the other day. I went out and visited people that were living in encampments. And I saw that when I walked in and crawled in the encampments and their boxes and their tents, I saw stale food, human waste, drug palphernalia.

32:20Many of them was dealing with schizophrenic behavior, bipolar. And I went back to the team and said, the city can't live this way. Go look at Los Angeles, San Francisco, Portland. Go look at these other cities. You don't see that here because I had a zero tolerance. And once we dealt with the encampments, once we dealt with the crimes, removing 22 ,000 illegal guns off our streets, 100 ,000 ghost vehicles, illegal vehicles that were running in our streets. Once we dealt with that, now we move into the next layer. We immediately went out to the rodents in our city, which was just really an indicator of just total uncleanliness in the city.

32:57Now we put in place a 1 ,200-person quality of life team, our Q team, we call it, that's going after those nagging issues. I still ride around the streets, 1 a.m., 2 a.m. in the morning, calling my commissioners when I see an encampment or I see overflow trash. They all tell you about those horrific calls that they give from me because we should see

33:18Eric Adams:it before you see it. You deserve a clean bathroom. You deserve to be able to go to a park. when there's no trash on there. You deserve to not have to worry about a rodent running across your feet. This is what you deserve. These are the basic things that we deserve. But we had to deal with the level one issue first, dealing with getting us out of COVID, dealing with crime, and then this unexpected crisis of dealing with the migrants and asylum seekers. You know, people tell us all the time that, okay, Eric, you have to get the migrants and asylum seekers behind you. Everything is okay. It's not.

33:51We spent$7.7 billion. $500 million of that should have gone to chronically absent children. A billion should have gone to building housing for our seniors. A billion should have gone to making sure that we boost up our Department of Sanitation. What I'm trying to share, the long-term repercussions of what we experience is going to have long-term impacts on our city. On the quality of life issues and crime, I got to say, practically every time I'm in Broadway and Lafayette, the station, which is pretty often, there are people shooting up in the corner. I literally went down the stairway the other day and a guy was standing there shooting himself up in the arm and I was three inches away from him.

34:34That was uncomfortable. That happens all the time and no one seems to be doing anything about it. What exactly is the obstacle to improving some of these issues? Is it budget? Is it enforcement? What is it?

34:48Eric Adams:And I hate it. I hate it when I see someone, what we call nodding on the street. Yeah, exactly. I hate it when I see someone. We were up at the hub the other day. We were just in a state of total disrepair until we got in there and zoomed in. We put in place what we call our PAV team and our scout teams. And I spend a lot of time in the subway system. And the goal is how do you talk people off the system? Now, we were able to take 8 ,500 people off our system that was living on our system. But I cannot tell you how much a challenge it is dealing with people who are dealing with severe mental health issues.

35:24They don't know they need care. That is why I was trying to get Albany to pass the involuntary removal bill, because there are people who are harmful to themselves and harmful to others. And we have to take them inside. We have to bring them inside. And many people just have a philosophical disagreement with me on this issue.

35:41Eric Adams:I want to say that if you are using drug use, we need to take you inside. If you are 30 degree weather, you don't have on shoes, you know, you have soil, your clothing, you're yelling and screaming. We have to talk them off the ledge now and hope that they have to build in trust. And the scout team are doing an amazing job, but it takes longer. And you see those repeated offenders over and over again. But our goal is to go after this illegal to shoot up drugs. in public. But when you do a real crackdown, you get a lot of hate that we're criminalizing drugs because addiction is a disease. So we're trying to use the right balance, but we are far more encountering people than others would like us to do.

36:28Eric Adams:We get a lot of complaints because we encounter people who are injecting themselves with drugs, people who are dealing with severe mental health illness. And I got to really ignore that noise for the better overall public safety of the city.

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39:30Eric Adams:We need to build more. And we're at the pre-pandemic levels. Our hotel industry is doing well. I think, you know, to me, in fact, we have 65 million tourists that came in last year. This is still the hot spot. How's New York City, how's this summer shaping up? This summer? From tourism perspective. Not the levels we have. I think some of the conversation around tariffs, some of the conversations impacted our tourism, particularly some of our domestic tourists. We used to get a lot of tourists from Canada. And we never really recovered the way we should have our Asian market. Chinese, they were a major part of our tourism.

40:07Eric Adams:But we're going to bounce back. We had a hit during COVID, and we were able to recover after COVID. And this is still a good product. You know, people want to come in. I love it here. Yes. And we believe the hotel industry is going to continue to grow. You know, some bumps in the road. We're looking at a conversation around what we could do with our hotel tax. Yeah, how do we get more rooms, though? That's the goal. We got to build more. We have to encourage more building. There were certain laws that were put in place previously about getting and receiving the permits to build. We have to do a real analysis of how do we encourage to get more rooms in the city.

40:44I have one more question. Yes. This is my most important one, possibly, and something I've always wondered. A great mystery of our times. But in the course of prepping for this interview, Joe and I watched a lot of your previous interviews, your previous videos. I was watching your famous contraband video. Where in the world did you get a used crack pipe to use as a prop in that video?

41:09Eric Adams:That was an extra remake that video. Oh, okay. To modern times. When I did that first video, for those who are not aware, it was a video showing how you should look in your child's room for drugs. When I did the first video and still today, people say, oh, you know, how can you do that as hard on children? You know, many people don't know that if someone is selling drugs in your home, when the police come, they come in and do a raid, everyone goes. Grandmother, grandfather, children go to ACS. Families are disrupted. And we need to take control of our homes. Now, it may not be in your home. You know, in your home, this is something that you don't have to even worry about or possibly.

41:53Eric Adams:I don't have to worry about it with Jordan, my child. But when you go to many of the inner cities where violence is rampant and drugs are pervasive, when we did that video, the number of responses people gave me was like, wow, I didn't know that. And so that broke crack pipe back then when I did it. It was just about everywhere. Like you see in certain communities, you see needles. Did you just pick one up off the street or something? Off the street. Oh, my gosh. Okay, last question. A bunch of people gave Andrew Cuomo tons of money, and it came up totally short in the primary. You're still running.

42:29Yes. A, would you consider in September dropping out if you're fourth in the polls or third in the polls? And B, why should anyone donate to your campaign or your super PAC, given how ineffective those dollars seem to be in the Democratic primary?

42:43Eric Adams:Well, it wasn't ineffective. In the last filing, we raised 1.5. No, the money given to Cuomo was totally ineffective because he got trounced. So why should anyone feel that any political giving is going to be useful in this environment? And money is important. It's unfortunate. I am probably the only elected official that has stated over and over again, we need to take money out of politics completely. We should give a dollar amount to every candidate that can only spend that dollar amount. And that's it. There's no reason we should be calling up individuals asking for money. But that's the nature of the beast.

43:14Eric Adams:And so when you look at it, those dollars are used for important reasons because television is extremely expensive. Your staff costs money, et cetera. He didn't lose because of the shortage of dollars. He lost because he did not want to be mayor. New York City is not a consolation prize. You know, you step down as governor and then you wake up one day and say, OK, I want to do a consolation prize and run to be the mayor of the city of New York. And it was obvious. You don't come out on weekends. You don't do this. Don't sit down and speak on podcasts, interviews. You live in a bubble. He always lived in a bubble.

43:54Governor's son went on to become AG, went on to become governor. And then there's another pattern that a lot of people are ignoring. What he feels about black men who are elected. Nobody wants to talk about this. He did it to Karl McCall. When Karl McCall ran to be the first black governor, Andrew Cuomo got in the race, sabotaged his campaign. He did it to Charlie King. Charlie King was running to be attorney general, raised five million dollars, was one of the leading candidates. He got in, pushed Charlie King out. He did it to David Patterson. David was going to run for reelection. He decided to sabotage his campaign and moved him out.

44:31Now he's trying to do the same thing for me. And like you said, your audience needs to really understand what happened. I ran for independent. Everyone knew I was running for independent. Everybody thought I was foolish for doing so, not understanding that the only mayors that have won on the independent line were city mayors. We knew that Mondani was going to be on the general election ballot on the Rookins family line. Why did Andrew throw his name into it if he was in the primary? He did it because he thought he could follow the same process that he's done for a long time. So let's look at the polls.

45:03The polls hit him up for 40 points, 40 points. He sent out a poll to his staffers the day before the election that he was up 10 points. He lost by 13 points. How could we trust when you have an unexpected voting environment right now? This vote is going to depend on new voters. And everyone is talking about the energy on the Madonna camp, 9 % of the voters. 2.5 million Democrats haven't voted yet. A million independents haven't voted yet. Several hundred thousand republics haven't voted yet. Never in my history of politics have I seen the energy around the Stop Madani movement. Coming from my bodegas owners, coming from my small property owners, coming from my Jewish community, coming from my former Soviet and socialist bloc constituents that are here right now, so they don't want to go backwards.

45:53So I said it before, if you look at some of the old tapes, I said, this is going to be the most exciting mayoral race in the history of the city. I knew it seven, eight months ago. We're covering politics. That's right. Where were you actually the night of the Democratic primary? And what was your reaction when Mamdani won? Were you like, oh, I expected this because of all the reasons you just laid out about Cuomo?

46:15Eric Adams:I'm trying to think about it. I think I was in the bed sleeping. I knew what the outcome was going to be. I said six months before the primary that Mamdani was going to win. And all I had to do was wake up. I had an early day. I had things to do in the city. I think we had a storm that day. I could have been going around the city looking at some of the rain sites. You know, you think about I always use sports as an analogy. You know, I have the crown. And just the thought that Andrew is going to tell the second sitting mayor, second mayor of color that I should step aside for him. I mean, that's the highest level of arrogance.

46:51You know, during my difficult moments, COVID, migrant asylum seeker, lawfare, I didn't step down, I stepped up. I said I was elected to serve this city. No matter what I had to face, I was going to live up to my commitment. He didn't do that. When it got hot, he left. He abandoned his obligation for the city of New York. I would never do that to the city. I didn't abandon it as a police officer. I'm not going to abandon it as the mayor. you and our producer Kale were the only two who knew six months earlier that I'm done he was going to win Eric Adams thank you so much for coming on Odd Lots really appreciate the chance to chat thank you very much can Joe call you if he sees a rat yeah I will no thank you so much that was a lot of fun thank you thank you enjoyed it

47:48Tracy, I'm glad we finally got a chance to speak to the mayor. I've never talked to him before. No, neither have I. I'm enjoying this transition. I do think it's a really interesting—New York is obviously a really interesting petri dish in which to experiment with a lot of economic policies. And it sort of solidifies a lot of the trends we've been talking about over the years, including affordable housing, taxation, things like that. I liked your question about when is there some magic line from which progressive taxation becomes socialism? Right. And I actually think like this is a question for a lot of people, including Mamdani, et cetera.

48:26Like is there like what actually like constitutes like an acceptable or an ideal level of redistribution? Because obviously, you know, Mayor Adams was talking about, you know, socialism has failed everywhere, as he asserted. And yet an important element of New York City is the money that is raised from wealthy New Yorkers to, as you put it, you know, put money back into people's pockets to make the city more affordable. Right. So at the moment, that's optional. Billionaires can choose to do it. But I mean, if you think it's a good thing, then why not make it, you know, potentially maybe mandatory at some higher level?

49:04Yeah, right. And why does it have to just be billionaires? Because also there are a lot of people who are not billionaires who are also very wealthy and that everyone just talks about billionaires, which I think is an important element of this conversation. You know, I do think that, like, there is this certain degree to which some of the pathologies of the city are just taken as like it's New York City. Yeah, just deal with it. And this is like what you do. So it's like and this is like these are the costs. So, of course, it is going to take years. to figure out whether we're going to use a specific plot of land that is contested and turn it into housing.

49:42Of course, it's going to, there's going to be a certain level of public drug consumption and rats, although the rats have declined and broken bathrooms and stuff like that. It does feel like in the discourse, we just sort of accept that because it's New York City, that there are certain things that are just going to be like subpar or actively hostile. So again, like from a family perspective, like it really is not good at all that it's so hard frequently to find a bathroom in a public area. I will just say here, I mean, other major cities in the world do it differently, right? Like you go to a place like Tokyo, you do not see people nodding off in the street.

50:21And it kind of blows my mind also that New York still has this extremely high tax rate and a lot of these quality of life issues. But anyway. There's plenty more to talk about if you win reelection. We'll have them back on. Well, definitely. We'll definitely have him back on to talk about how all of these things are going. All right. Shall we leave it there? Let's leave it there. This has been another episode of the Odd Lots podcast. I'm Tracy Allaway. You can follow me at Tracy Allaway. And I'm Jill Weisenthal. You can follow me at The Stalwart. Follow Mayor Eric Adams. He's at NYC Mayor. Follow our producers, Carmen Rodriguez at Carmen Armand.

50:55Dashiell Bennett at Dashbot and Kill Brooks at Kill Brooks. For more Odd Lots content, go to Bloomberg.com slash Odd Lots. We have a daily newsletter and all of our episodes. And you can chat about all of these topics 24-7 in our Discord, discord.gg slash oddlots. And if you enjoy Oddlots, if you enjoy our turn into local New York politics, then please leave us a positive review on your favorite podcast platform. And remember, if you are a Bloomberg subscriber, you can listen to all of our episodes absolutely ad-free. All you need to do is find the Bloomberg channel on Apple Podcasts and follow the instructions there.

51:28Thanks for listening.

51:41Thank you.

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From the publisher

Incumbent NYC Mayor Eric Adams didn't run in the Democratic primary. But he'll be on the ballot in November, running as an independent against Zohran Mamdani and probably a couple of other candidates as well. So what is his vision for addressing affordability? What can the Mayor do about crime, trash, and other quality of life issues? On this episode of Bloomberg's Odd Lots, we're joined by Eric Adams to talk about the city's future and his plan for securing re-election.

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