Toronto's Trump hotel-condo Towers goes bankrupt

Question

Politico Magazine reports Toronto&#x27;s Trump Tower, tallest residential skyscraper in Canada (complete with antenna), may be a business "bust". The hotel features Italian Bellino linens and Nespresso coffeemakers, and though investors in the hotel units were told the &#x201C;worst case scenario&#x201D; for occupancy rates would be 55%, they&#x2019;ve ranged between 15% and 45%.The tallest residential building in Canada&#x27;s largest city, named for the Republican presidential nominee in "the States," has gone into receivership.Launched with great fanfare by Donald Trump and his offspring four years ago, only 44 of 118 condo units have been sold.  The hotel occupancy rate is low, and room rates for the hotel have fallen by 30 percent, according to court documents.The Trump Organization does not own the building.  It licensed its name and has a contract to manage the property, complete with such services as Trump Pets and a Trump Experience outing.  Its management is expected to continue after ownership is thrashed out.Trump went into a business relationship with developer Talon International, Inc., controlled by Russian steel magnate Alex Shnaider.  Shnaider is known for such touches as hiring Justin Bieber to serenade his 16-year-old daughter at her Sweet Sixteen party, Politico reported Thursday.JCF Capital, ULC, recently purchased the construction loan on the four-year-old building.  It claims that Talon International, and related companies, have defaulted since 2015 on making payments. In court documents, JCF Capitaol says that Talon has been in default since July 2, 2015.On Thursday, Justice Glenn Hainey of the Ontario Superior Court of Justice named FTI Consulting Canada, Inc., to serve as receiver and oversee sale of the building.  JCF Capital will participate in the bidding process for the building, to own it or recoup its $301 million (Canadian) purchase of debt.The Trump property has been a magnet for controversy even before Donald Trump began running for presidency.https://www.sfgate.com/news/politics/article/The-65-story-Trump-Tower-in-Toronto-goes-belly-up-10591925.php

ilsp2003 · Answer

Politico Magazine reports Toronto&#x27;s Trump Tower, tallest residential skyscraper in Canada (complete with antenna), may be a business "bust". The hotel features Italian Bellino linens and Nespresso coffeemakers, and though investors in the hotel units were told the &#x201C;worst case scenario&#x201D; for occupancy rates would be 55%, they&#x2019;ve ranged between 15% and 45%.The tallest residential building in Canada&#x27;s largest city, named for the Republican presidential nominee in "the States," has gone into receivership.Launched with great fanfare by Donald Trump and his offspring four years ago, only 44 of 118 condo units have been sold.  The hotel occupancy rate is low, and room rates for the hotel have fallen by 30 percent, according to court documents.The Trump Organization does not own the building.  It licensed its name and has a contract to manage the property, complete with such services as Trump Pets and a Trump Experience outing.  Its management is expected to continue after ownership is thrashed out.Trump went into a business relationship with developer Talon International, Inc., controlled by Russian steel magnate Alex Shnaider.  Shnaider is known for such touches as hiring Justin Bieber to serenade his 16-year-old daughter at her Sweet Sixteen party, Politico reported Thursday.JCF Capital, ULC, recently purchased the construction loan on the four-year-old building.  It claims that Talon International, and related companies, have defaulted since 2015 on making payments. In court documents, JCF Capitaol says that Talon has been in default since July 2, 2015.On Thursday, Justice Glenn Hainey of the Ontario Superior Court of Justice named FTI Consulting Canada, Inc., to serve as receiver and oversee sale of the building.  JCF Capital will participate in the bidding process for the building, to own it or recoup its $301 million (Canadian) purchase of debt.The Trump property has been a magnet for controversy even before Donald Trump began running for presidency.https://www.sfgate.com/news/politics/article/The-65-story-Trump-Tower-in-Toronto-goes-belly-up-10591925.php

ilsp2003 · Answer

The GOP presidential candidate has pledged to run the federal government as he has run his businesses. Investors in the Toronto tower might have a thing or two to say on the subject.

The grand opening of a Trump Tower in Vancouver, scheduled for last summer and then October, has been put off into 2017. City officials have called for a new name.

Jarrett75 · Answer

You Hillary backers will try to find anything to make him look bad. But nothing compares to what she has done. The left, along with all their sheeples are grasping at straws. &lt;~~all Hillary backers

666LES · Answer

Pres. Trump will declare Bankruptcy and the National Debt will go pooof! He&#x27;ll insult and make crude remarks to the Woman in charge of the Fed when he does it. Then he&#x27;ll nationalize Grayhound Bus and bus all the illegal aliens across the Mexican border. Then you can Impeach him.Hillary trotted out Miss Universe in Florida Wed. night. She&#x27;s got a fist full of straws.

ilsp2003 · Answer

Your argument is sorely lacking in substancewhat has Hillary done ?The Republicans have spent millions in tax payers money on Clinton&#x27;s investigationHillary Clinton&#x27;s character assassination includesBenghazi attack - House select committee found no wrongdoing Private e-mail server - Former  US Secretary of State Colin Powell also used a private e-mail server . No law was broken according to the FBIClinton Foundation ( Clinton Global Initiative ) - Did the Clinton receive any money in compensation from the Clinton Global Initiative ?It&#x27;s not going to get any better after 20-January-2017 If Hillary gets elected what&#x27;s Donald Trump&#x27;s plan to make US government work ?bankrutpcy ?

mainman11111 · Answer

nothing like karl rove, chaney and rumsfield making the case to go to war on a gullible society so they can all become gazillionaires along w. their best friends!

nature1970 · Answer

Just one question?  Why did all those women who were "assaulted " wait till a couple weeks before the election. Where was Clinton and barrack during the assault on bengazi. Who came up with the story of the video?

nature1970 · Answer

So many bengazi hearings.... still have no clear idea. Then, IRS scandal. How does someone plead the fifth in Congress and keep their 250,000 a year with benifits government job. Still have no freaking idea. So whenever you hear of this nonsensical crappie of a congressional hearing special prosecutor ect ect. It like cspan comedy roast. They say a a lot of words do nothing and continue to reschedule funny classic Congress BP ceo grilling they destroyed a.eco system killed many endangered species the beaches of Gulf Shores still have a few tar balls.washing up.and the white sand well it&#x27;s a love shade of tan.... again no one went to jail. No one really lost their job mostly resigned. ..so anyone thinks their is justice in washington and some going to prison lmao till sunday.

ilsp2003 · Answer

That&#x27;s all you got  where is the FIB indictment ?

ilsp2003 · Answer

FBI indictment ?

ilsp2003 · Answer

Hilary Clinton&#x27;s "scandalsFrom Whitewater to Benghazi Whitewater was the beginning of the Hillary Clinton witch hunt. Hardly anybody understands Whitewater. The claims of honesty and trustworthiness began here. The Clintons lost their investment in the Whitewater Development Company. Their business partner, Jim and Susan McDougal, had a separate investment in another company which also failed. The McDougals retained the law firm that Hillary worked for, Rose Law Firm to handle their legal dealings. The claim is that the McDougals hired Clinton to offset the Clintons&#x2019; losses on Whitewater, which they considered to be a conflict of interest. Ken Starr, the pioneer of the Hillary witch hunts hurled accusation after accusation at the Clintons over this. After wasting 8 years and millions of taxpayer dollars and several independent investigations, a final report was issued in 2000 that stated that there was no evidence that the Clintons had engaged in any criminal wrongdoing. It was BS from the start, but dishonest Republicans keep the story alive today.

ilsp2003 · Answer

A December 1995 report by the independent law firm Pillsbury, Madison &amp; Sutro report found no evidence of the Clintons&#x2019; and particularly Hillary Clinton&#x2019;s participation in fraud. Pillsbury&#x2019;s task was to assess whether federal regulators could justify a lawsuit legally and cost-effectively. The report found that they couldn&#x27;t, but the report and its authors didn&#x2019;t and still don&#x2019;t view their findings as exoneration.

ilsp2003 · Answer

Wal-Mart: In 1986, Sam Walton, the founder of Wal-Mart was under pressure, from his wife and his shareholders, to appoint a woman to his Board of Directors. Based in Arkansas, they hired Hillary Clinton, then 40 year old Hillary Clinton. According to fellow board members and company executives, Hillary used her position to champion more women in management and a comprehensive environmental program. Being the least experienced in business at the time, her voice was silenced on Wal-Mart&#x2019;s anti-unionism stance, and minimum wage was not considered a huge national crisis at the time. Her years on the Wal-Mart board, from 1986 to 1992, gave her an unusual tutorial in the ways of American business a credential that could serve as an antidote to Republican efforts to portray her as an enemy of free markets and an advocate for big government. To say that Hillary doesn&#x2019;t understand business is dead wrong. While she had huge success in creating management opportunities for women at Wal Mart, the main attack line is that she &#x201C;supported low wages&#x201D;, which is not at all true. Looking at her track record in the Senate and as Secretary of State, she has always pushed for equal pay, and is fighting hard for a 40% increase in minimum wage, and for all improvements to middle class life in America.

ilsp2003 · Answer

Monsanto: Rumors have claimed that Hillary Clinton once sat (or currently sits) on the board of directors of agribusiness giant Monsanto as well, despite the lack of any evidence documenting such a connection. The repetition of those false rumors increased as the primary elections of the 2016 presidential campaign drew nearer. They are rumors. They are lies. Hillary has one of the strongest records on environmental protection of anybody in politics today. In fact, her support of the EPA and environmental regulations is the GOP&#x2019;s biggest gripe, which flies in the face of the Monsanto rumors.

ilsp2003 · Answer

Vince Foster death: Foster was messed up. He made some bad decisions and killed himself. Before he committed suicide, he wrote several suicide notes and wrapped up personal affairs as best he could. In the 1990&#x2019;s, over 20,000 people per year committed suicide. In 2014, that number was over 40,000, with an increase in suicides by Veterans. Almost everybody knows someone who killed themselves for one reason or another. Ken Starr, the GOP&#x2019;s official witch hunter along with right wing extremist Jerry Falwell, fueled the rumors that the Clintons were involved in a murder conspiracy. The allegations were as ridiculous then as they are now, but even after the FBI and independent investigations cleared the Clintons, books and articles continue to be written by Republicans accusing the Clintons of wrongdoing. The GOP is hell bent on assassinating the character of a future President, and continue to twist whatever they can to put doubt in the public mind. Another couple million dollars of taxpayer money wasted by Republicans.

ilsp2003 · Answer

Wall Street and bank donations: It is important to note that most middle class working Americans rely on Wall Street through their 401k and IRA&#x2019;s, etc to fund their retirement. Wall Street is, in a large part, responsible for the economic growth in the United States in the 20th century, and continues to provide financial security for many millions of Americans. As a result of Republican thirst for dark money in order to win elections, line their pockets and the pockets of the oil industry and weapons manufacturers, passed Citizens United. Thanks to Citizens United, it will take over one billion dollars to win the White House in 2016. Any candidate who actually wishes to overturn Citizens United must obtain the money to win first. This is a horrible rule that allows large corporations to donate huge sums of money to campaigns without transparency, and the influence of the top 1% of earners on politicians has never been bigger.

ilsp2003 · Answer

Citizens United: She has a strong track record of trying to reign in wall street and banking speculation. Here is a link to Hillary Clinton&#x2019;s entire Senate voting record while serving as US Senator in New York. It is very extensive, 10 pages long in all, but you can search records by issue and read up on just the issues that you want to learn about. You can also show just the bills that Hillary sponsored or co-sponsored during her time in the Senate. What you&#x2019;ll find is a progressive set of bills written, and a voting record that supports the average American and not skewed toward Wall Street and big banks. What you&#x2019;ll find throughout her time in the Senate, that she was very active in improving the lives of middle class people, worked hard on income equality, fairness, environmental issues, childrens issues, foreign affairs policy, and a lot of other things. Too much to go over. But, since you&#x2019;re judging someone to be the leader of the free world, it wouldn&#x2019;t be a bad idea to read up on some of this. It&#x2019;s very interesting. She was a hard working Senator, clearly putting the welfare of the people, not the corporations, at the front of the line. If you see a vote that you don&#x2019;t agree with, do a web search on why she voted the way she did. Many of these bills have misleading titles, with hidden tricks slipped in.https://www.google.ca/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;uact=8&amp;sqi=2&amp;ved=0ahUKEwjJi9OsqJPQAhWEJiYKHRG7BCUQFggbMAA&amp;url=https%3A%2F%2Fvotesmart.org%2Fcandidate%2Fkey-votes%2F55463%2Fhillary-clinton&amp;usg=AFQjCNH2RnTd7JQ8ulrgsm9wHH6TR45wUg&amp;bvm=bv.137904068,d.eWE

ilsp2003 · Answer

Hillary Clinton&#x27;s votin recordhttps://votesmart.org/candidate/key-votes/55463/hillary-clinton#.WB602mSlyVM

ilsp2003 · Answer

Benghazi: Too many Republicans have now admitted to the Benghazi hearing as being a witch hunt, designed to obstruct Hillary Clinton&#x2019;s chances to run for President. There were four people who died at the US Embassy that night in Benghazi. Under President George W. Bush, there were a total of 13 attacks on U.S. embassys resulting in over 60 deaths. As far as the first days after the attack, the initial information as things were unfolding, is that a religious caracature caused protests at the Embassy. This was true, but what was initially not known is that members of a terrorist group may have started the protests, and subsequently took advantage of the riot and killed our men. Early reporting is never entirely accurate, and while this was called an &#x201C;act of terror&#x201D;, the main GOP beef here is that it was not called a &#x201C;terrorist attack&#x201D;. That&#x2019;s right, act of terror versus terrorist attack. Real good reason to waste millions of taxpayer dollars, right? Susan Rice said that the attack started as a protest, which it did. Nothing illegal here, no derelection of duty. Move on. GOP witch hunters blew another $7 million or so of your hard earned tax dollars on this one so far.

ilsp2003 · Answer

Email server: Contrary to Republican claims of dishonesty or corruption, there was NEVER a law against using a personal server. No laws were broken. Secretary Clinton, as well as all other Secretaries of State that came before her, including Colin Powell and person Cheney, used personal emails for their correspondence. The server was never hacked, and a record of all emails sent to government are stored on government servers. Republican witch hunters are blowing $13,000 per day of your hard earned tax dollars in order to paint Hillary as untrustworthy or incompetent, all for political purposes. As of 1999, Republicans had spent over $80 million of your dollars on Clinton investigations. The number today is more than likely over $200,000,000. Fiscal conservatism? I don&#x2019;t think so. And now the major news outlets are finally admitting there was never anything to it.

ilsp2003 · Answer

Billions of dollars to Iran: Wrong. The money in question was Iran&#x2019;s money that was frozen in previous sanctions. It was their money, frozen in order to bring them to the table and come to an agreement on nuclear proliferation. No other conditions were placed on the release of the money other than coming to an agreement for destroying enriched uranium and agreeing not to pursue a nuclear weapon. They came to the table, agreed to terms with inspections to verify compliance, and what was remaining of their money withheld after paying money owed to other countries, was returned to Iran. It is very dishonest and misleading to say that Obama and Clinton GAVE Iran billions of dollars. You don&#x2019;t give someone money that is theirs already. By the way, the nuclear deal is an international agreement, not just the USA, and even if Trump were to walk away from the deal, he&#x2019;d have international backlash from our allies, and the agreement would remain.

ilsp2003 · Answer

All Trump supporters . Please feel free to provide a list of facts debunking anti-Trump myths, lies and propagandas...

thirdperson · Answer

Ilsp2003, thank you for presenting facts that should be must reading. Truths eventually emerge in time. Scary thing is that many Americans are so angry, afraid and gullible that they believe in Trump lies.

ilsp2003 · Answer

@thirdperson

Toronto's Trump hotel-condo Towers goes bankrupt

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