georgephillip
Diamond Member
Just like his dad, Fred Trump, Donald has "earned" his fortune by sucking up to elected whores like his good friend Hillary Clinton ever since he crawled out of Brooklyn in the 1970s.
"It is a November day in Philadelphia, 1974. On sale in a federal bankruptcy court are the largest undeveloped tracts of land left in Manhattan — the West Side rail yards, stretching along the waterfront from 30th to 39th streets and 59th to 72nd streets. One of these properties — the 30th Street parcel — has since become the designated site for the city's convention center. The other is being promoted as a 5,000-unit housing project surrounded by parks and a shopping area."
"The seller is the bankrupt Penn Central Transportation Company (PCTC), which is attempting to reorganize itself by turning it's real-estate portfolio into capital. The buyer is Donald Trump, then 28 years old, the son of Brooklyn's largest apartment builder..."
Donald wants an exclusive option on the property but advances no cash. He promises to obtain the required zoning changes and taxpayer subsidies to guarantee a minimum $62 million land purchase price.
Without New York's City Hall cooperation Trumps proposal would have stood little chance of being accepted.
That's when Fred Trump made his contribution:
"Trump's father, Fred, had known Abe Beame, then the mayor, for some 30 years — and had been a campaign contributor for 20; the firm is tied to the same Brooklyn Democratic machine which spawned Beame's political career.
"Trump's attorney Bunny Lindenbaum, seated beside him in the courtroom that morning, is Beame's oldest and closest friend.
"Penn Central representatives began negotiating with Trump two weeks after Beame became mayor.
"Trump's option is scheduled to end when Beame's term is up.
"There can be no misunderstanding: Trump, in that Philadelphia courtroom, was executing a political option."
Behind the Seventies-Era Deals That Made Donald Trump
