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Interesting read. So basically, Bridgeport taxed him to death during an economic downturn when he couldn't develop the property. They then obtained the property by forgiving the $300k property tax bill. Sounds typical of a corrupt city.
He bought the property fully aware of the taxes for it. If he could not pay them then he never should have bought the property in the first place. Don't you pay taxes on the property you own? Why should he be any different? Jay
Knowing the crooks who run city of Bridgeport (see: 2016 property tax rate hike, among others), my guess is Trump allowed it to foreclose out of principle. I admittedly know nothing about the history there, but if you haven't been paying attention, Trump doesn't care what people think.
The statistics he read at his rally regarding CT (which I looked up out of suspicion, and were found to be true from unbiased sources) were scary. But that's for the economy thread.
Quite possible, and given how much the stadium cost combined with huge breaks for the Bluefish, the city's best option was to let the property be vacant.
It would have been interesting to see how many would have shown up if the rally was held at a bigger venue. It would have been very ironic if Trump held his rally at the Webster Arena. The property the arena sits on (the old Jenkins Valve factory) was once owned by Trump and was to be the site of a casino he planned for Bridgeport years back. I believe the city got the site through foreclosure for unpaid taxes. I wonder if the real reason the rally was not held there was really the $60,000 price or the irony of the location and the questions it could have raised? Jay
Good question.. It would have absolutely looked weird.
He bought the property fully aware of the taxes for it. If he could not pay them then he never should have bought the property in the first place. Don't you pay taxes on the property you own? Why should he be any different? Jay
I'm pretty sure one of the wealthiest men in the world could've paid them. It goes back to what I was saying - he likely had beef with [corrupt] city government, as per usual, and simply didn't want to.
Are you defending him? The guy filed bankruptcy four times.
It's more that I'm questioning the city of Bridgeport, who can't seem to get their stuff together. After seeing a family member's property tax bill rise so sharply in the past year, I can't help but be outrageously suspicious of what's going on within city limits. Bottom line is I do not trust the people who run that city with zero care for the people who live in it. It's criminal.
It's more that I'm questioning the city of Bridgeport, who can't seem to get their stuff together. After seeing a family member's property tax bill rise so sharply in the past year, I can't help but be outrageously suspicious of what's going on within city limits. Bottom line is I do not trust the people who run that city with zero care for the people who live in it. It's criminal.
Exactly!
What a joke that city is to elect a mayor who served 7 years in the slammer for bribery when he was mayor before.
I mean..........why not just hire a convicted child molester to work in a daycare center.
How the hell can anyone take Bridgeport seriously when everyone is stupid enough to reelect a convicted felon---especially one whos crime was committed while mayor before.
Are you defending him? The guy filed bankruptcy four times.
Trump has never filed bankruptcy. Period. Full stop.
Four businesses that bear his name have filed for bankruptcy (in several situations he was no longer involved day to day). The company bankruptcies were Chapter 11 reorganizations (named for its location in federal bankruptcy code), which are designed to restructure businesses without shutting them down completely (i.e. Chapter 7). The purpose is to "save" the business, as opposed to other forms of bankruptcy which would liquidate the company. Hotels/casinos are very levered businesses that also have "daily" rents and as a result are frequency in reorganization (Caesar's is currently in Chapter 11--- they are still a dominant force in the LV scene).
What a joke that city is to elect a mayor who served 7 years in the slammer for bribery when he was mayor before.
I mean..........why not just hire a convicted child molester to work in a daycare center.
How the hell can anyone take Bridgeport seriously when everyone is stupid enough to reelect a convicted felon---especially one whos crime was committed while mayor before.
This is a bit of a drift from Trumps decision not to speak in Bridgport, and take his CT appearance to Fairfield instead. Those of us who were alive, adult, and watching this Trump Ganim story unfold really do remember vividly how badly his angry departure from Bridgeport left the failing city in shambles.. and Ganim (of course he's responsible for his own bad decisions) sorta got pushed to try to work with less savory folk when the Donald, and his team left. If your going to say actions are founders.. then loosely.. You can maybe infer Trump founded the situation for Ganim's downfall.. IMHO..
This is a bit of a drift from Trumps decision not to speak in Bridgport, and take his CT appearance to Fairfield instead. Those of us who were alive, adult, and watching this Trump Ganim story unfold really do remember vividly how badly his angry departure from Bridgeport left the failing city in shambles.. and Ganim (of course he's responsible for his own bad decisions) sorta got pushed to try to work with less savory folk when the Donald, and his team left. If your going to say actions are founders.. then loosely.. You can maybe infer Trump founded the situation for Ganim's downfall.. IMHO..
Wait - you're really blaming Trump for Bridgeport being in shambles? I don't agree with a lot of what the guy says, but come on.
Wait - you're really blaming Trump for Bridgeport being in shambles? I don't agree with a lot of what the guy says, but come on.
No, not completely.. The CT manufacturing jobs were going or gone, but he rode in like a knight on a stead named "economic turnaround for Bridgeport", he was touted as the 1 guy who could fix things in Bridgeport and do it quickly, then he changed his mind, naturally that is his prerogative, if he couldn't get his way he wouldn't stay and negotiate what would work, he just bailed on Bridgeport and never looked back.. Meanwhile Ganim had already started claiming neighborhoods by eminent domain over blighted properties, taxes, etc, and knocking down & clearing things, a good thing for the most part, but when Trump Development left it sorta set a tone.. A pall if you will.. If the knight on the stead, good Sir Trump couldn't or wouldn't fix Bridgeport then why should anyone else..so yeah I think IMHO in a bit of a way his turning his back set Bridgeport up for years of others not even wanting to try..
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Jay
