Another building in New York has tenants who want to abandon the old Trump name on the buildings. An Upper West Side building at 120 Riverside Blvd., known as “Trump Place,” will have that eponymous name taken off of the building, according to the Washington Post.
The New York Post also got an email that showed how the condominium board made the call and told owners in the building that “arrangements are being made to have the ‘Trump Place’ signage removed from the building façade.” The idea didn’t come out of thin air. Before the announcement, 55 percent of the owners voted to take down the sign.
Taking down the sign is more of a symbolic gesture than anything because the Trump Organization does not in any way manage the building or profit from a licensing deal. This building joins 200 Riverside Blvd. in deciding to remove the Trump name from its property, which happened last October, Crain’s reports. The residents of 200 Riverside Blvd. had more of a hassle to deal with though as the Trump Organization sought legal action. A judge sided with the defendants.
The news comes just a few days after the Jewish Voice reported about the president’s job position making real estate deals more difficult for the time being.
The Trump Organization says it will not continue its plan to introduce a pair of new hotel brands.
Named Scion and American Idea, the hotel concepts are being indefinitely back-burnered.
The decision comes, the New York Times reported, “as the company faces growing scrutiny from federal prosecutors and congressional investigators, and as a former employee, Michael D. Cohen, heads to prison for multiple crimes. With Democrats now in control of the House of Representatives, any new hotel deals could have provided investigative fodder for critics of the president.”
“We live in a climate where everything will be used against us, whether by the fake news or by Democrats who are only interested in presidential harassment and wasting everyone’s time, barraging us with nonsense letters,” Eric Trump said in a statement. “We already have the greatest properties in the world and if we have to slow down our growth for the time being, we are happy to do it.” He added, “We already have the greatest properties in the world and if we have to slow down our growth for the time being, we are happy to do it.”
The decision is being viewed by many as indicative of President Trump’s willingness to scale back his business while in office. As he recently told the New York Times in an interview, “I lost massive amounts of money doing this job. This is one of the great losers of all time.”
“The Trumps had previously announced they had about 30 potential deals in the works, but to date, they had only announced one partner. On Thursday, the company announced that agreement had ended,” The Washington Examiner reported. “With the Trump name seen as polarizing, the president’s company faced local opposition to potential deals in Dallas and St. Louis. In other instances, potential partners feared increased scrutiny.
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