While some of Donald Trump’s family businesses have managed to profit from his presidency, his condo buildings in New York City continue to see significant price drops. According to a new report from CityRealty, owners of apartments at Trump-branded buildings in the city are “eager to get out,” even willing to take a significant loss on their properties. From 2016 to 2020, overall closing sales prices at nine Trump-branded condos dropped by 25 percent, according to CityRealty’s index tracking prices at Manhattan buildings owned by the Trump Organization.
“Forget bodyguards, he better have an army if he thinks he’s gonna walk down the street in New York,” Governor Andrew Cuomo said last night in response to Donald Trump’s new claims that he’s planning to defund New York City. After sending a five-page memo to the U.S. Attorney General and the Office of Management and Budget about Portland, Seattle, Washington, and New York City, Trump Tweeted, “My Administration will do everything in its power to prevent weak mayors and lawless cities from taking Federal dollars while they let anarchists harm people, burn buildings, and ruin lives and businesses.”
All photos by Michael Appleton/Mayoral Photography Office
After announcing last month that he’d be painting “Black Lives Matter” in front of Trump Tower, Mayor de Blasio today helped paint the mural in bright yellow letters outside the building on Fifth Avenue between 56th and 57th Streets. “Let’s show Donald Trump what he does not understand, let’s paint it right in front of his building for him,” the mayor said today.
Rendering of a new entrance on 8th Avenue to Penn Station, part of the Empire Station Complex via Gov. Andrew Cuomo’s office
The state will focus on restarting New York City’s economy by accelerating work on major infrastructure projects, Gov. Andrew Cuomo announced on Tuesday. “There is no better time to build than right now,” Cuomo said during a press briefing. “You need to create jobs and you need to renew and repair this country’s economy and its infrastructure.” The governor said the state will fast-track infrastructure projects like the renovation and rebuild of Penn Station and LaGuardia Airport.
Six F-16 Fighting Falcons flying over NYC in 2005; U.S. Air Force photo by Tech. Sgt. Sean Mateo White on Flickr
The United States Navy Blue Angels and Air Force Thunderbirds will fly over parts of New York City on Tuesday to honor coronavirus essential personnel. The 40-minute joint flyover is part of the mission “Operation America Strong,” announced by President Donald Trump last week, as the Washington Post first reported. The performance will happen across parts of the city and Newark starting at noon on April 28 and then move onto Trenton and Philadelphia.
It was a question of friend or foe leading up to Governor Cuomo’s meeting at the White House yesterday, but it looks like the governor, who has been referred to as the “Trump whisperer,” came out of the chat with some concrete federal commitments when it comes to advancing coronavirus testing in the state. After the meeting, the governor announced a partnership with the federal government that will double the current daily testing capacity from 20,000 to 40,000, which includes both diagnostic and antibody tests. The state will manage the actual tests in its laboratories, but the federal government will be responsible for handling the international supply chain issues associated with testing that are out of the state’s purview.
Six weeks after President Trump derided a potential NYC sea wall on Twitter, his administration abruptly ended the study that was looking into the idea. Launched in 2017, the NY & NJ Harbor and Tributaries feasibility study was evaluating five measures that could “address severe coastal storm risks” and the sea wall was one of them. On Tuesday, the Army Corps of Engineers announced that the critical study had been shelved due to a lack of funding and a report that was due to come out this summer would be “indefinitely postponed,” the New York Times reported. The curious timing relative to Trump’s tweet has led many to speculate about the political underpinnings behind the decision. “This is dangerous,” Mayor Bill de Blasio said. “It’s another of Donald Trump’s blatant political hits on New York City.”
Rendering courtesy of Susan T. Rodriguez Architecture | Design and the Central Park Conservancy
The $150 million plan to build a new pool and ice rink at the northern end of Central Park is facing backlash from local swimmers and skaters. Last September, the Central Park Conservancy revealed a project to replace the aging Lasker Rink and Pool and create space for year-round recreation. But a group of hockey players and swimmers is asking the conservancy to revise its plan, which they claim would reduce the space they can use, eliminating some of the programs offered.
Flooded Battery Park Tunnel after Hurricane Sandy. Image: Timothy Krause via Flickr.
A barrier wall proposed by the Army Corps of Engineers as one of several options being evaluated to shield the New York area from rare storms–which may well become less rare and more destructive with global warming–is the subject of a heated debate among planners and environmental experts. Supporters suggest that a barrier be constructed in the outer New York Harbor where it’s mostly hidden from view, saying it would go the farthest in protecting people, land and valuable landmarks along the waterfront from a storm surge. Others fear the idea is a short-sighted measure that doesn’t address major climate threats–and could even worsen matters by trapping sewage and toxins during flooding from high tides and storm runoff. President Donald Trump, however, remains the sole proponent of the mop-and-bucket approach, as the New York Daily News reports.
In November, 6sqft shared data that showed sales at Trump Tower were still in a post-2016 slump, but year-end figures show that the decline is a larger trend across Trump-branded buildings in NYC. According to CityRealty’s annual Manhattan Year-End Report, “In the third full year of Donald Trump’s presidency, the average sales price for the 11 Trump-branded condos in Manhattan once again fell below the Manhattan condo average.”