00:00I continue to be fully confident in both the legality and the importance of our initiative to deliver five city
00:07-run grocery stores, one in each borough, to the people of our city.
00:10We are talking about a reflection of a cost-of-living crisis that has seen grocery prices increase by about
00:1930% over the last few years.
00:21And we're also talking about delivering five city-run grocery stores in a city of 8.5 million people that
00:28has more than 1,000 grocery stores.
00:30And we've seen, in fact, with Essex Street Market in Manhattan as well as Moore Street Market in Brooklyn, a
00:37model where the city has subsidized groceries and it has not had a negative effect on bodegas around them or
00:43on grocery stores around them.
00:44And I'm confident both in the legality of this, that it will stand up in court, and in the importance
00:48of delivering it.
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