R
rdean
Guest
Trump’s Role in Son’s Failed Deal May Yield First Test for a State Regulator
https://www.nytimes.com/2016/12/21/business/north-charleston-donald-trump.html?_r=0
Donald J. Trump, in bailing his eldest son out of a business deal gone bad, may have gotten something unexpected in return — a costly environmental cleanup
There is, however, a catch: To qualify for the protections, the buyer of a contaminated property must not be affiliated with a former owner, or have had involvement with the site.
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They used to make airplane adhesives there and the entire site is 7 acres of pollution. If the new owner is NOT affiliated with the old owner, the state taxpayers have to pay the millions in clean up. So Trump Sr. bought it from Trump Jr. and claimed no affiliation trying to leave the taxpayers on the hook. The state's "Ethics Office" is trying to decide if that's ethical. Get it?
This paragraph explains it:
A decision by South Carolina officials could have significant legal and financial consequences. If the voluntary cleanup agreement is approved, the costs incurred by D B Pace would probably be minimal because its environmental obligations would be limited to controlling the spread of existing pollution on the property. But if regulators reject the agreement, the Trump affiliate could bear legal responsibility for damage caused by previous occupants, including Titan Atlas.
So like I said, if Trump can prove he is not affiliated with Trump, the taxpayers foot the bill.
South Carolina is a deep red state. What do you think will happen? What Republican leaders always do to their base? Hilarious!
https://www.nytimes.com/2016/12/21/business/north-charleston-donald-trump.html?_r=0
Donald J. Trump, in bailing his eldest son out of a business deal gone bad, may have gotten something unexpected in return — a costly environmental cleanup
There is, however, a catch: To qualify for the protections, the buyer of a contaminated property must not be affiliated with a former owner, or have had involvement with the site.
---------------------------------------------
They used to make airplane adhesives there and the entire site is 7 acres of pollution. If the new owner is NOT affiliated with the old owner, the state taxpayers have to pay the millions in clean up. So Trump Sr. bought it from Trump Jr. and claimed no affiliation trying to leave the taxpayers on the hook. The state's "Ethics Office" is trying to decide if that's ethical. Get it?
This paragraph explains it:
A decision by South Carolina officials could have significant legal and financial consequences. If the voluntary cleanup agreement is approved, the costs incurred by D B Pace would probably be minimal because its environmental obligations would be limited to controlling the spread of existing pollution on the property. But if regulators reject the agreement, the Trump affiliate could bear legal responsibility for damage caused by previous occupants, including Titan Atlas.
So like I said, if Trump can prove he is not affiliated with Trump, the taxpayers foot the bill.
South Carolina is a deep red state. What do you think will happen? What Republican leaders always do to their base? Hilarious!