QUOTE="surada, post: 34129325, member: 77344"
Letitia James says she will seize Trump’s properties if he doesn’t pay his civil fraud penalty. The problem is, he doesn’t own that many.
www.curbed.com
If you walked around New York City a decade ago, you’d be forgiven for assuming that Donald Trump owned a huge chunk of it. While the biggest landowners in the city have long looked down on his portfolio — “Donald Trump is not a major player in New York City real estate,” a director at the Durst Organization scoffed in 2013 — the former president is perhaps unmatched in his self-promotional bluster and the visibility of his brand.
But Trump’s golden façade has been crumbling for years.
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Although it’s a popular target for anti-Trump protests, the Columbus Circle building, which is roughly half hotel rooms and half condos, is owned by General Electric and Ohio’s Galbreath Company, which hired Trump to glitz it up in 1996.
What Trump does own here, according to the New York Times, are the parking garage, the valet booth, room-service kitchens, lobby bathrooms, a restaurant space, and one unit.
In 2019, condo owners demanded the removal of Trump’s large, block-letter name from the façade for dragging down their property values. In a compromise suggested by Donald Trump Jr., the building ended up splitting the façade in two: the left half reads “Trump International Hotel” and the right, “One Central Park West” — both in a serif font that’s slightly smaller and less tacky than before.