Posted on 04/17/2011 11:12:28 AM PDT by jimbo123
Donald Trump's tallest construction project ever is facing some tall challenges.
Many real-estate developers are under pressure these days as lenders and investors rush to cut their exposure to the market. But Mr. Trump's 92-story Trump International Hotel & Tower in Chicago, which will be the tallest building constructed in the U.S. since the Sears Tower opened in 1973, may be especially vulnerable because it's getting hit by a triple whammy of colliding forces: the credit crunch, the reversal in the housing market and weak retail sales.
The shiny glass skyscraper is one of the few that the brash Mr. Trump developed without partners. The situation also puts pressure on one of the project's major lenders, Fortress Investment Group LLC.
(Excerpt) Read more at online.wsj.com ...
ping
You asked, ‘Where in the WSJ story does it say that Soros bailed out any Trump project? Or where is the source for that?’
Here is a link to an article that has definitive info linking Trump and Soros as business partners.
bump
I’m vetting Trump since no one else wants to do it and came across this thread. Very interesting.
http://articles.chicagotribune.com/2004-10-28/news/0410280265_1_donald-trump-soros-fund-management-blackacre-institutional-capital-management
“The good news is Soros’ plan to use Trump to divide the Tea Party won’t work.”
This thread was prophetic.
Five years later, They are dividing the Tea Party.
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