New York City says It will Terminate its Business Relationships with Trump, whose Company has Contracts to Run: a Carousel, Two Ice Rinks, and a Golf Course, in City Parks, that bring his Company $17 Million a year.
In a Statement, a Spokeswoman for Mayor Bill de Blasio (D) said that the Review was spurred by Trump’s Actions on Jan. 6th, after Encouragement from Trump, a Pro-Trump Mob Stormed and Ransacked the U.S. Capitol.
“The attacks on our Capitol killed a police officer, left four rioters dead, exposed lawmakers to COVID-19 and threatened the constitutional transfer of power. They were a national abomination,” said Spokeswoman Laura Feyer. “We’re reviewing whether legal grounds exist in light of these new circumstances to terminate concessions with the Trump Organization,” Feyer said.
The Statement from New York was another Sign that the Fallout from Wednesday’s Events has spread to Trump’s Private Business, already hobbled by the Coronavirus Pandemic, and Struggling with Backlash to Trump’s Divisive career in Politics.
On Monday, One of Trump’s Banks said it was Closing his Personal Bank Accounts, which had about $5.3 Million in them. Signature Bank, based in New York, issued a Statement saying that this was a Reaction to the “displeasure and shock” of Bank Executives after Wednesday’s Events.
“To witness a rioter sitting in the presiding chair of the U.S. Senate and our elected representatives being told to seek cover under their seats is appalling and an insult to the Republic,” the Bank said in a Statement. “We witnessed the President of the United States encouraging the rioters and refraining from calling in the National Guard to protect the Congress in its performance of duty.”
Signature Bank also called on Trump to Resign. Trump has done Business with Signature Bank since at least 2011, according to Documents released by the Bank, and at one point Ivanka Trump was on the Bank’s Board.
Deutsche Bank, the Largest Lender to Trump’s Businesses, will Stop doing Business with Trump and his Companies. he has $350 Millions of outstanding Loans to Pay Off.
Trump still is the Majority Owner of his Business, though he says he has given Day-to-Day Leadership to his Sons Donald Jr. and Eric.
Since Wednesday’s Mob Attack on the Capitol, Several of the Trump Organization’s Business Partners have said they are Cutting Ties with the President’s Company:
- The e-commerce company, Shopify, shut down Trumpstore.com, a website that Trump’s company used to Sell Candles, Bath Bombs, and T-Shirts with the Trump name. Shopify’s Policies Prohibit “promotion or support of organizations, platforms or people that threaten or condone violence to further a cause.”
- Amazon has taken down any Trump Apps on its App Store and its AWS Cloud Service Accounts.
- Paypal stopped accepting any Payments going to the Trump Businesses.
- Snapchat permanently Bans Trump.
- The PGA of America said it was Canceling One of golf’s Major Tournaments, the PGA Championship, at Trump’s Bedminster, New Jersey Club in 2022. The PGA said it had determined that “conducting the PGA Championship at Trump Bedminster would be detrimental to the PGA of America brand.”
- The British Golf Association that holds the Open Championship, also known as the British Open, said it will Not Hold that Tournament at Trump’s historic Turnberry, Scotland, club “for the foreseeable future.” That means that Trump will Not capture a Tournament he has wanted for years.
If New York City does Revoke Trump’s Concessions, that would Remove Trump’s Name from some of his Oldest Businesses and One of his Newest.
One of the Oldest is the Wollman Rink, in the busy Southern End of Central Park, near Trump Tower. In the 1980s, Trump took over a Languishing City-Run Project to Rebuild an Ice Rink in Central Park. He finished it Early. “It was the only thing he did that was praised and approved by everyone,” Joyce Matz, a New York Preservationist and Perennial Trump Critic said in 2015.
Trump still Operates that Rink, along with another One, the Lasker Rink, at the Park’s Northern end.
One of Trump’s Newest Ventures is the Ferry Point Golf Course, built on a former Landfill near the East River and Designed by Golfing Legend Jack Nicklaus. The Course Opened in 2015, but has Failed to meet the Trump Organization’s Profit Projections: In the year ended in March 2020, the Course Lost more than $670,000, according to Filings with the City.
Even if Trump Lost these Concessions, Trump’s Name would still be featured Prominently in New York. He would still Operate: Trump Tower, a Commercial and Residential Building in Midtown, and the Trump International Hotel on Central Park West.
That Hotel’s most Prominent Tenant is the High-End Restaurant Jean-Georges, which recently Signed a Contract to stay on, with a Lower Rent, because of the Impact of the Coronavirus on the Restaurant Business. Restaurant Owner Jean-Georges Vongerichten said he was Saddened by the Events at the Capitol, but had No Plans to cut Ties with Trump. “Everything will probably disappear in a few weeks,” Vongerichten said of the Controversy. Also, he said, “We don’t do politics. We only do food.”
NYC Wins When Everyone Can Vote! Michael H. Drucker
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