Trump returns to a business empire ravaged by pandemic
Bernard Condon
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President Donald Trump speaks with reporters as he walks to board Marine One on the South Lawn of the White House, Wednesday, Jan. 20, 2021, in Washington. Trump is en route to his Mar-a-Lago Florida Resort. (AP Photo/Alex Brandon)
NEW YORK – Donald Trump is returning to a family business ravaged by pandemic shutdowns and restrictions, with revenue plunging more than 40% at his Doral golf property, his Washington hotel and both his Scottish resorts over the past year.
Trump s 2020 financial disclosure released as he left office this week was just the latest bad news for his financial empire after banks, real estate brokerages and golf organizations announced they were cutting ties with his company following the storming of the Capitol this month by his political supporters.
UpdatedFri, Jan 15, 2021 at 3:04 pm ET
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The Trump Building at 40 Wall Street is one of the remaining places in New York City branded with Trump s name. (Courtesy of Paul Baranda)
NEW YORK CITY T-R-U-M-P.
Those five letters hung over New York City for decades as monuments to Donald Trump the outsize developer, tabloid fixture, reality TV star and eventual unlikely U.S. president who claimed the city as his home.
But one-by-one the Trump tributes faded as his reputation did, struck from high rises, hotels and even ice rinks.
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Mayor Bill de Blasio s effort to sever the city s four contracts with the Trump Organization is only the latest in a long divorce between the Big Apple and The Donald and even then three of the properties involved didn t publicly bear the name.
When Donald Trump leaves the White House on 20 January, reports indicate that he will not return to his home town of New York City but rather, reside at his Mar-a-Lago home in south Florida. Indeed, Trump formally changed his residency to the so-called Sunshine State in fall 2019. Trump’s seemingly permanent departure to a state known for its large population of elderly retirees marks the end of an era in New York, the city where he grew up and.
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