Trump Organization

Policy

The Central Park Carousel is one of four NYC Parks properties operated by the Trump Organization; image by Shelley Panzarella via Flickr

Manhattan Councilman Mark Levine introduced a resolution on Thursday urging Mayor Bill de Blasio to terminate the Trump Organization’s ongoing contracts with the city, the Daily News reports. The president’s company has four contracts with the Parks Department to operate the Lasker and Wollman Skating Rinks in Central Park, the Central Park Carousel, and the Trump Golf Links in the Bronx. Levine—who issued similar demands in 2018 and 2015—argued that the contracts violate the Domestic Emoluments Clause of the Constitution and that Trump’s association with the venues is causing the city to lose money.

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real estate trends

Photo by subherwal on Flickr

As New York City’s many ice skating rinks start to open this month for the season, two Central Park arenas will debut a slightly updated look. The Trump Organization has removed President Donald Trump’s name from Wollman Rink and Lasker Rink, marking the first time the business has voluntarily distanced itself from its owner, according to the Washington Post. City officials told the newspaper that the president’s company informed them about the plan to remove the signage this past summer but provided no reason behind the change.

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Central Park South, Upper West Side 

1 Central Park West, Columbus Circle, Donald Trump, Trump International Hotel & Tower, Trump Organization

Photo by Loozrboy on Flickr

The condo board of the glass tower at One Central Park West on Tuesday voted unanimously to retain the Trump name on the signage at the front of the building, the New York Post reports. However, the word “tower” will be removed from the marquee over the front entrance, to be replaced with the building’s address. As 6sqft previously reported, as part of a larger renovation of the Trump International Hotel and Tower in Columbus Circle, the Trump Organization was reconsidering its heavily-branded signage, and some building owners say Trump’s polarizing presidency is depreciating the value of their investments.

A compromise of sorts

Central Park South, Upper West Side 

1 Central Park West, Columbus Circle, Donald Trump, Trump International Hotel & Tower, Trump Organization

Image via Flickr

As part of a larger renovation of the Trump International Hotel and Tower in Columbus Circle, the Trump Organization is expected to reconsider its heavily-branded signage, the New York Times reports. The president’s eldest son, Donald Trump Jr., has proposed a compromise to appease building owners who say Trump’s polarizing presidency is depreciating the value of their investments without losing the Trump branding entirely.

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real estate trends

Trump-run attractions in NYC suffer from declining revenue

By Devin Gannon, Wed, September 12, 2018

Trump-run Wollman Rink via subherwal on Flickr

Although President Donald Trump continues to profit from his family-run business while serving in office, the New York-native is seeing a drop in revenue in his hometown. At four concessions in New York City run by the Trump Organization, sales have dropped or have been flat since Trump became president, the New York Times reported on Wednesday. Even as tourism is on the rise and the city’s economy is bustling, business is not booming for two Trump-affiliated ice rinks, a Bronx golf course, and a carousel in Central Park.

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Policy, Upper West Side 

Photo via Nick Normal’s Flickr

In February of 2017, residents of Trump Place at 200 Riverside Boulevard voted to remove “TRUMP” from the condo building’s exterior. Neighboring buildings found at 140, 160, and 180 Riverside Boulevard had already successfully removed his name, following a petition with hundreds of signatures. However, the 48-story condo at Trump Place, located on the Upper West Side, has not moved forward with the removal of the president’s name because the Trump Organization threatened to sue.

In response to this threat, board members in January asked a judge to issue a declaratory judgment that the condo has the right to either keep or remove the letters without violating its licensing agreement. The president’s son, Eric Trump, who serves as a trustee of the organization, promised on Monday to “fight vehemently against rogue individuals” who want to remove the name (h/t West Side Rag).

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Upper East Side

Trump Park Avenue, 502 Park Avenue

Image courtesy of CityRealty

Trump Park Avenue LLC, a unit of President Trump’s company, sued Faisal bin Abdul Majeed al-Saud in February claiming the Saudi prince signed a lease on the Manhattan condo at 502 Park Avenue in 2013 but hasn’t paid rent since January 2017. Bloomberg reports that according to a complaint filed in New York State Supreme Court, the Trump Organization says the defendant agreed in June 2014 to extend his lease through June 2019. The defendant, on the other hand, says the landlord failed to comply with lease’s terms and is asking the judge to toss out a lawsuit seeking almost $2 million in unpaid rent, claiming that he gave back the keys to the penthouse last year.

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