moonbat

Trump Tower Chicago

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55 posts in this topic

So.  This story epitomizes the Donald's head.

 

The Doanld's labelling, name calling and general bad manners lead to a downturn in his Trump Tower Chicago.

 

His response? 

 

Ask for a local tax bail out from the City of Chicago and publicly blame the city's gun violence for his property's sucky financials even though other luxury hotels are doing just fine during this three year period

 

And of course there are the federal bail outs in the form of gubmit paid for trips to his properties in distress to keep them afloat.

 

Topics for discussion:

 

Do you feel sorry for the Donald as his properties flounder?

 

Would you ask for a tax relief bailout in this situation when similar properties are dong just fine?

 

Quote

 

“What a beautiful ballroom,” President Trump said as he walked into a campaign fundraiser recently at a hotel in downtown Chicago.

 

Donors laughed. The hotel was Trump’s. They were paying the president to cater his own fundraiser.

 

The Chicago event exemplifies a pattern of the Trump presidency: It was another presidential trip that brought Trump private benefits. The hotel was paid about $100,000 for the lunch, according to a Republican official who helped coordinate it.

 

Trump’s presence also gave a boost to a property that, like some of his others, is suffering from financial decline.

Profits fell 89 percent from 2015 to 2018, from $16.7 million to $1.8 million, according to documents filed with Cook County, Ill. Trump’s hotel struggled even as other Chicago hotels held steady or thrived.

 

Performance of [the Trump hotel] is clearly disassociated from that of its competitive set,” the company’s lawyers said in a letter to the county seeking to lower the hotel’s taxes...

 

Earlier this year, the Trump Organization issued a statement blaming its struggles on Chicago itself.

 

“Chicago . . . is down as a market,” the company said in a statement to The Post in May. “It’s sad to say, but the perceived threat of gun violence has harmed visitation to the destination.”

 

But in its private appeal to the county, the company told a different story. The problem was not Chicago. In fact, Trump’s competitors in the city’s luxury market were seeing increases in room revenue, even while his hotel saw a drop.

 

“Unfortunately, [the hotel is] suffering from unfair political backlash,” the Trump Organization’s lawyers wrote.

 

“If you are a company having a conference at a hotel in Chicago, are you going to stay at the president’s hotel? My sense is no. You would want to stay away from that. You could go to the Four Seasons, you could go to the Ritz and not endure that political divisiveness,” Eppli said.

 

https://www.washingtonpost.com/politics/who-built-this-beautiful-place-despite-trumps-visits-to-his-properties-some-of-his-businesses-show-new-signs-of-financial-decline/2019/11/05/819869cc-f691-11e9-8cf0-4cc99f74d127_story.html


 

 

 

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feel sorry for him?... nope

ask for tax relief?... if the local taxes are based on revenue, then yes of course... if the local taxes are based on property value, and it could be documented that the value of the property is less than in 2015, then yes... 

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6 mins ago, Steve_in_PA said:

More likely down due to all the violence.  I know we no longer hold meetings in Chicago partially for that reason.  Also costs have gone up.

Bwahahahahahahahahahahahahaha.

 

Did you even read the post.  Other luxury hotels in the downtown area are doing just fine thank you while the DIC's property is down 89%

 

That is exactly the line of reasoning from TeamTrump.  And it doesn't wash.

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1 min ago, Steve_in_PA said:

You are saying he is loosing business because of his presidency?

More likely his out front lying obnoxiousness.

 

If he was a decent guy I doubt we would see this kind of a drop.

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Just now, moonbat said:

Bwahahahahahahahahahahahahaha.

 

Did you even read the post.  Other luxury hotels in the downtown area are doing just fine thank you while the DIC's property is down 89%

 

That is exactly the line of reasoning from TeamTrump.  And it doesn't wash.

Kind of undermines that Emoluments Clause argument.  Doesn't it?

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Just now, Steve_in_PA said:

Kind of undermines that Emoluments Clause argument.  Doesn't it?

Not at all.

 

Gubmint stuff is still funneling his way.  It may be keeping the property from tanking.

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4 hours ago, moonbat said:

Bwahahahahahahahahahahahahaha.

 

Did you even read the post.  Other luxury hotels in the downtown area are doing just fine thank you while the DIC's property is down 89%

 

That is exactly the line of reasoning from TeamTrump.  And it doesn't wash.

-

Which points to he's losing money for becoming POTUS if the other hotels are doing fine.

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