The City Council passed legislation this week that will slap landlords with steep fines if they mess with their buildings’ privately-owned public spaces.
The budget has set aside $61 million for such security measures, according to the Mayor’s office, with $20 million allocated for costs incurred between Election Day and Inauguration Day, and $41 million for costs after Inauguration Day.
In Trump Tower, part of the atrium and two landscaped gardens are part of the city’s privately owned public spaces (POPS) program, and the city zoning law requires that these spaces be accessible seven days a week.
Many of Trump Tower’s apartments are currently for sale or for rent, but at least one resident went another route for making some cash off of the building’s newfound notoriety: Airbnb.
At a press conference on Friday, Mayor Bill de Blasio particularly appealed to drivers asking them to avoid the general area around Trump Tower as much as possible for the next couple of months.
The NYPD and the Secret Service will meet later this week to formulate a plan—and if the president-elect has his way, this could mean major traffic problems in Midtown.
The value of the Trump real estate brand has been diminished among certain circles—fraudsters and socialites not included—throughout this election cycle. Sales in Trump’s buildings are down over this time last year.
New York City’s most high-profile residential buildings are often home to some of the wealthiest—and shadiest—figures in the world. Trump Tower is no exception.
Though by no means does that make him a pauper. Forbes still estimates his worth at $3.7 billion, even after the hit. A slight cooling down of the market, particularly in retail and office space, in the city played a big role in reducing his worth.
In a review of the FEC filings, the Huffington Post found that Trump has raised the rent that his presidential campaign pays in rent for its Trump Tower headquarters office space from $35,458 a month back in May to $169,758 a month in July.
Even though the Republican presidential nominee had returned the promised public seating to the atrium of Trump Tower, finally making good on a decades-old deal, the city maintains that Trump still owes $10,000 for removing seating to begin with.
Trump’s made good on a decade’s old deal with the city by returning public seating to the atrium of Trump Tower. The bronzed businessman alleged that "drug addicts, vagrants, et cetera" abused the bench before he removed it without the city’s authorization in 1984.
After failing to return a 22-foot black marble bench to the privately-owned public space inside of Trump Tower, the mixed-use building is being hit with a $10,000 fine by the Department of City Planning.