$6 Million: The Cost of Removing the Trump Brand from Toronto Hotel
"Donald Trump’s business will be paid millions of dollars to release the owner of a Toronto hotel complex from using his name," reports Katia Dmitrieva.
"JCF Capital ULC, the closely held U.S. firm that owns the Trump International Hotel & Tower in the city’s downtown business district, reached a buyout deal to exit the contracts with the Trump Organization’s hotel unit," adds Dmitrieva, reporting information made available in a statement by the companies.
The statement didn't disclose the financial figure JCF Capital ULC was willing to pay to part with the Trump name, but Dmitrieva has a source close to the deal that revealed the price was $6 million.
According to Dmitrieva, the hotel has a history of construction delays, lawsuits, and a default under the previous owner—all before the anti-Trump protests began in earnest.
Topics
- Which Cities Have the Most Breweries Per Capita
- Cities on the Verge of a Housing Crisis
- Automobile Dependency in Action
- Do Denser Neighborhoods Have Safer Streets?
- The Generational Warfare of Our Times
- On the Massive Carbon Savings of Gentle Density
- The Case for Upzoning
- U.S. Department of Transportation Launches Two New University Transportation Centers
- The Small City Leading the New Era of Redevelopment in California
- What Seattle Learned From Studying its Public Golf Courses
- Scooter Vigilante Shut Down
- Report Details the Many Risks of Climate Change Facing Queens
- Latest Version of the Seattle Bike Plan Restores Some Previously Discarded Bike Lanes
- World's Largest Co-Living Development Coming to San Jose
- A Route Through the City, S.F. Crosstown Trail Opens
- The Devil's in the Details for Houston's Hobby Line Light Rail Planning
- 20-20-20: Montreal Sets New Goals for Inclusionary Zoning
- Feds Close Cedar Rapids ADA Case
- For Lack of Free Parking, Downtown San Jose Loses a Grocery Store
- Summertime Ethanol Restriction Lifted to Help Corn Farmers—But at What Cost?
