Posted on 03/22/2024 10:31:54 AM PDT by bitt
In October 2023, CNN performed a gratuitous fact-check for the Democrat Party on the value of Donald J. Trump’s Mar-a-Lago after the overzealous, partisan hack, Manhattan Judge Arthur Engoron, falsely claimed it was only worth $18 million.
Here’s what the so-called “fact-check” by CNN claimed on October 3, 2023:
Before former President Donald Trump appeared in court Tuesday for the second day of his civil fraud trial in New York, he claimed on social media that it has now “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, $18 million.
Trump was claiming, therefore, that the court had agreed the Florida property was worth $900 million to $1.8 billion.
Facts First: Trump’s claim is false. There has been no such agreement in court. Judge Arthur Engoron and a lawyer for James’ office did not endorse a Trump lawyer’s Monday claim in court that Mar-a-Lago could be sold for more than $1 billion.
In Engoron’s decision last week finding Trump liable for fraud, he wrote that “from 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million.”
He also noted that there are significant land use restrictions attached to the property, and he wrote that Trump’s financial statements, valuing Mar-a-Lago at roughly $426.5 million to $612.1 million between 2011 and 2021, are “materially false and misleading” because they don’t reflect those restrictions.
Trump lawyer Alina Habba sharply disputed this conclusion in court on Monday, saying that “we have experts, renowned experts, who have said that properties like Mar-a-Lago are worth over a billion dollars, $1.5 billion, and I assure you that there is a person out there that would buy that property, that spectacular property, for way over a billion dollars.”
Trump and his team are entitled to argue that the judge’s analysis is inaccurate. But Trump himself was wrong to suggest that the judge had agreed in court that Mar-a-Lago is worth even more than his financial statements claimed. The judge did nothing of the sort.
Engoron noted again in court on Monday that there were “significant” limitations on how the property can be used, and he said he had “specifically said” in the decision last week that “I’m not valuing or evaluating properties.”
He said, “Please, press, stop saying that I valued it at $18 million. That was a tax assessment. Or, something in that range. There would have been issues of fact as to what the value was.”
But five months later, CNN’s Erin Burnett exposes the lie her network has been pushing for months during a discussion about how President Trump could potentially sell off his properties to satisfy a $454 bail obligation set by the self-proclaimed Trump-hating NY AG Letitia James. Suddenly, without explanation, CNN appears to have a change of heart regarding the actual value of Trump’s Mar-a-Lago.
...more
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
Judge Encoron is indeed a MORON.
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.
Lying vermin scum ...
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.
I'd bet a LOT of money that if this WERE true Donald would sell it yesterday!
“He” didn’t do a thing. His legal team put together the applications for all loans.
Idiots think Trump is there on Rocket Mortgage typing in valuations of properties. LOL!
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.
Thank you for supplying facts. So rare outside of here.
“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.
It is worth whatever the liberals say it is, so long as it hurts Trump in the most severe manner possible.
Today, it could be worth eleventy-skadillion dollars, tomorrow it will be worth one dollar fifty seven cents.
Whatever hurts Trump the most.
No, the square footage thing is for Trump’s NYC penthouse, for which Trump gave a figure to represent that it has triple-height ceiling.
The $18 million was never the market value. It was a tax assessment as after adjustments for current land use limitations per the local tax code.
speakeasy:
Lived just 60 miles North (Martin Co.) of Mar-a-Largo when the sale was going on in the Palm Beach Post.
It was To be demolished and 8 homes built. Trump came in and bought the Deteriorating property owned by the Post Family as Government gave it back to them, Gov. NOT keeping it up.
It sits between the Ocean and the Inter-coastal highway.
Trump built it BACK to what Marjorie Post had built and is classified Historical.
There is a tunnel under A-1-A for guests to get to the Ocean club.
Trump fought years to make it a club and when he did....ALL Nationality’s of ALL Race...
were allowed to join...The “2 Other” private clubs IN P.B. were White only and NO Jews.
Those ‘clubs’ hated Trump for THAT alone.
Most people ‘Think’ the wealthy live in P.B.....Not so...The LOUD Snotty Rich do.
The ...REAL “Quiet’ Wealthy live in JUPITER... a less known area.
A home there sold 2 years ago for $140 Million.
Palm Beach itself IS Richer in value since President Trump took on Mar-a-Largo.
That property is actually worth more than that, more like $500 Million.
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