Here's my own thinking on 'seizing Trump Towers': First, why? When there is this reported $400+ million in actual cash or equivalencies?
Or presuming that that $400+ million doesn't actually exist for some reason, why go after the big iconic 'Tower' with it's tenants, the upscale employees, it's tax generation realities, and the not insignificant maintenance. Not to mention the hulabaloo from the public over that single property. And could there be other equity issues involved from other lein holders....be they mortgagors, or lenders of one nature or another?
So, what do you think of the suggestion to curate through other lesser known properties that are reported to have satisfactory income streams and wouldn't garner the publicity if they were attached?
Such as relatively anonymous or distant properties away from the media capitol of New York City?
Wouldn't a more subtle back-door approach be just as effective without the hulabaloo?
ps.....but, if the city did 'seize' the Tower, couldn't they simply turn over all operations of it to a third-party property management firm and let them deal with paying the taxes, hiring the doormen, and washing windows?