p
It’s actually worth double that.
They say its because he over estimated the square footage. In a resort building square feet is almost none of the material value of the ocean front land. And square feet of a building can change or grow depending on usage or the ability to build. This is so preposterous its beyond comprehension. But its not beyond being a crime of the state.
MSM lying again. It’s what they do.
They are still off by 100%...................
bttt
More like at least 500 million dollars..just look at that place, its HUMONGOUS you’d need 2 weeks to find your way around it..so NOW the commies admit that the whole “Its worth 18 mil” was just a huge scam..well they are NOT gonna get mar a lago anyway so keep dreaming commie scum
I didn’t know CNN was still around. They can’t have much of an audience.
They’re not embarrassed. Mission accomplished. They got the judgement they wanted.
Huh ... $240 mil seems low, but at least it’s the right number of digits.
Anyone that reads FL real-estate ads knows that $240 million is a phony number that is just as bad as the communist’s $18 million...
You can find many estates in FL for over $240 million that are shacks compared to Trump’s estate
Lots of inflation this year. And Dems will claim Trump and everyone benefit from Biden’s inflation. /s
To be fair, the original CNN article from Oct. 2023 that this piece cites, doesn’t agree or disagree with Trump’s assessment of his Mar-a-Lago property’s value. It disputes Trump’s alleged claim that the court agreed with him. They cite Trump’s Truth from that time stating “[It has] been agreed in Court that Mar-a-Lago is WORTH 50 to 100 times the Value [New York Attorney General Letitia James had ascribed to it].
It seems pretty clear to me that Trump was referring to expert court testimony that was in agreement with his assessment, not, as the CNN article interprets Trump’s comment to mean, that Engeron agreed with him. CNN misinterpreted Trump’s initial Truth, probably intentionally, so they could have a pretext to claim Trump was lying. Typical dishonest reporting from CNN, but again be fair, they didn’t actually dispute Trump’s valuation. I wouldn’t be surprised if they have disputed it in other pieces they’ve written. They just didn’t do it in this one.
“Manhattan Judge Arthur Engoron”
Who orgasms every time his photo is in the news.
He bought his winery in Charlottesville from pat Kluge for around 5 mil. It’s now easily worth 200-250. And I say that off the cuff.(it’s probably worth more ) It is the largest spread in albemarle county and is the largest winery on the east coast. Betcha the idiots at CNN et al think that property is worth 20mil
This article is yet again inaccurate- it is NOT a BAIL of 454 million being charged— it is the BOND demanded so Trump may appeal the decision. A BOND, it is not Bail like some damned jail.
NY law requires the payment by bond or cash for a ridiculous decision filled with huge inaccuracies as well as NO VICTIMS- the Banks had the appraised Loans repayed with interest in full. They are NOT victims, and neither is therefore the State of NY. All made up crapola by this crazed Judge and his girlfriends. Loonies.
Print days are over and CNN now is for All the Lies Fit to Blab. And Democracy Dies In Darkness——Just Watch It Die On Our Shows.
“there are significant land use restrictions attached to the property”
In the few years after the Florida real estate bust Palm Beach might have been very amenable to getting rid of the land use restrictions if asked. For years many Florida government workers went without pay raises.
At this point in time, Trump might have to ask the Florida legislature to set them aside now that Palm Beach is rolling in tax revenue.
Government land use rules are often used to partially protect property from property taxation because development isn’t by clear right, it is often only possible after an expensive lawsuit by one of a select few lawyers.
Big developers and property owners will take advantage of the rules to allow their property to be held at lower taxation valuations.
A shopping center site worth as such $10 million might be worth $100 million if rezoned for residential.