January 13, 2021
NYC Mayor Bill de Blasio cites Capitol riot as legal basis to end city contracts with Trump Organization worth millions.
SHOW TRANSCRIPT
President Trump’s hometown is cutting ties with him, in a move that could cost him millions of dollars in revenue. The city of New York is severing all contracts with the Trump Organization, said New York Mayor Bill de Blasio.
New York Mayor Bill de Blasio made the announcement Wednesday morning, saying city contracts can be ended if a vendor breaks the law. Inciting an insurrection against the United States government clearly constitutes criminal activity, de Blasio said.
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The Trump Organization runs three concessions in New York City: the Central Park Carousel, the Wollman and Lasker skating rinks in Central Park, and the Ferry Point Golf Course. They brought in a reported $17 million last year.
City corporation Counsel James Johnson said in a statement, “In light of last week’s attack on our Capitol and our democracy, we have concluded that it is in the best interests of New Yorkers for the City to commence the process of cancelling these contracts and terminating its business ties with the Trump Organization.” Cancellation of the various concessions will take several weeks to several months.