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“It was 2006—the height of the real-estate market boom—when Kushner Cos. agreed to buy 666 Fifth Avenue for $1.8 billion, then a record for a Manhattan building. All of it was borrowed except for $50 million. The company still holds half of a $1.2 billion mortgage, on which it hasn’t paid a cent. The full amount is due in February 2019.”
“The strain has become increasingly evident across their holdings. One person familiar with the company’s finances describes the tower, with its low ceilings and outdated floor plan, as the Jenga puzzle piece that could set the empire teetering.”
Pretty troubling and trump has made him head of his infrastructure project which would include privatizing water & selling our roads, etc. Sorry, but the kid is a jerk loser.
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There has been so little transparency around the Trump administration. One blatant example is the “Office of American Innovation” — a department Trump created to, among other things, work on an infrastructure plan.
This agency, headed by Trump’s son-in-law Jared Kushner (no conflict of interest there...), has failed to respond to the Freedom of Information Act request we’ve submitted. We think the public should know what this department is doing, especially since it could have a dangerous impact on the drinking water of millions of Americans.