Condo owners vote to strip Trump name from building
Condo owners vote to strip Trump name from building
Trump Humiliated As Seventh Property Votes to Remove His Name From the Building
21 October, 2018, 07:46
The condo board estimates the job will cost about $23,000.
Another Manhattan building has stripped the big, brassy Trump name from its entrance.
Another resident countered: "Arguably at one time the Trump name may have contributed something to the value of our apartments". In addition to not wanting their homes identified with the president for political reasons, some argued that the signage made the building a target for terrorists or protesters, and could potentially hurt the real estate value on their homes. Hotels in Toronto and Panama City have quit the Trump brand and Thursday's ruling could open the door to other Trump-named condos around the city doing the same. "We encourage everyone to move forward and respect the will of the community".
A judge ruled in May that the residents had no legal obligation to display the name as part of the license agreement. Following the 2016 election, neighboring rental buildings at 140, 160, and 180 Riverside Boulevard chose to shed the president's name from their exteriors, in order "to assume a neutral building identity", according to Equity Residential, which owns and operates the rental buildings. She said the licensing agreement gives 200 Riverside the right but not the obligation to call itself Trump Place.
In Manhattan, there were 15 residential buildings that bore the Trump name in 2015. That February, 63 percent of the unit holders who responded to an informal poll favored removing the "Trump Place" letters on the building.
Residents at 200 Riverside Blvd., a 46-story building between 69th and 70th streets, fought for the right to tear the Trump name from their building following the 2016 election, with many people wanting to distance themselves from politics, The New York Times reported. Trump no longer owns the buildings. The deadline for an appeal expired October 1 without any action.The board conducted a formal poll of condo owners that ended October 10.
The Trump Organization's contract to manage the condo building expires at the end of 2019. At Trump Tower on Fifth Avenue, average prices per square foot declined from $3,000 in 2013 to about $2,000 a year ago.
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