The battle between New York City and the Trump Organization has begun and the city will pay for it. New York City is firing the Trump Organization from running the Golf Course in Bronx but the Trump family refuses to give up the course unless it gets $30 million. City law experts believe that it would not be easy to overturn the 266 page contract that was signed by the two parties.
Mayor Bill de Blasio said in January that he would tear up the 20-year old contract which gave the Trump Organization rights to run the Bronx Golf Course as well as the contracts that were made to run two skating rinks and a carousel in Central Park. This reaction came after the January 6, Capitol riot.
Pro-Trump supporters stormed the iconic building to allegedly overturn the vote away from the democratically elected Joe Biden, in favor of Donald Trump who reportedly won according to his and his supporters baseless allegations. This violent uprising against America’s democratic election process which was upheld by the highest court led to backlash against the Trump organization.
However, Eric Trump sees this fight as one more part of the “cancel culture” and is demanding costs of $30 million to leave the golf course according to Rawstory. Incidentally the Trumps had spent only $10 million on developmental costs.
Donald Trump enjoys a fight and has come up triumphant in all his past litigious battles with shareholders in his Atlantic City casino in the nineties where they lost a lot a lot of money but he gained $80 million. Deutsche bank finally had to forgive much of his loan due their litigation and had to give him an additional loan of $300 million.
And after getting blocked from building dozens of homes on golf courses in New York’s Westchester County and outside Los Angeles, Trump somehow managed to win more than $40 million in tax breaks for agreeing not to develop the properties despite claiming in separate documents to tax authorities that they were worth a fraction of that according to MarketWatch.
Real estate developer Vornado is also struggling to sell joint properties it owns with Trump. According to the Wall Street Journal, the giant developer may have to buy out Trump, giving him a windfall in earnings as many potential buyers no longer wish to deal with Trump after the insurrection on the Capitol.
Geoffrey Croft who is the president of NYC watchdog Park Advocates also feels that it’s the taxpayers who will pay while the Mayor and Trump have a slugfest over a beautiful Jack Nicklaus designed golf course in the Bronx. The golfers said that they really don’t care whose name is on the golf links as long as they can continue playing golf.
