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Trump Tower's key tenants have fallen behind on rent and moved out. But Trump has one customer ...
“He’s running a con,” said Paul S. Ryan, a campaign-finance expert at the watchdog group Common Cause. “Talking about political expenses — but, in reality, raising money for self-enrichment.”
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Politics
Trump Tower’s key tenants have fallen behind on rent and moved out. But Trump has one reliable customer: His own PAC.
By Shayna Jacobs, David A. Fahrenthold, Jonathan O'Connell and Josh Dawsey
Today at 7:00 a.m. EDT
NEW YORK — Inside Trump Tower, swank suit-maker Marcraft Clothes once rented the entire 18th floor, outfitting its offices with fireplaces, mahogany-lined closets and two bars for schmoozing customers.
But then Marcraft fell $664,000 behind on rent and went out of business last year — its assets having dwindled to $40.75 in a checking account and “1,200 damaged coats,” according to court filings.
One floor up, a business school once led by Kardashian family matriarch Kris Jenner was consumed by lawsuits, falling $198,000 behind on payments to Trump Tower by October 2020, according to court papers. And on the 21st and 22nd floors, the company that made Ivanka Trump shoes racked up $1.5 million in unpaid rent, according to a lawsuit that the Trump Organization filed this year.
But through all that — as Trump Tower has dealt with imploding tenants, political backlash and a broader, pandemic-related slump in Manhattan office leasing since last year — it has been able to count on one reliable, high-paying tenant: former president Donald Trump’s own political operation.
Starting in March, one of his committees, Make America Great Again PAC, paid $37,541.67 per month to rent office space on the 15th floor of Trump Tower — a space previously rented by his campaign — according to campaign-finance filings and a person familiar with the political action committee.
{snip}
Fahrenthold, O’Connell and Dawsey reported from Washington. Isaac Stanley-Becker and Alice Crites contributed to this report.
Trump Tower’s key tenants have fallen behind on rent and moved out. But Trump has one reliable customer: His own PAC.
By Shayna Jacobs, David A. Fahrenthold, Jonathan O'Connell and Josh Dawsey
Today at 7:00 a.m. EDT
NEW YORK — Inside Trump Tower, swank suit-maker Marcraft Clothes once rented the entire 18th floor, outfitting its offices with fireplaces, mahogany-lined closets and two bars for schmoozing customers.
But then Marcraft fell $664,000 behind on rent and went out of business last year — its assets having dwindled to $40.75 in a checking account and “1,200 damaged coats,” according to court filings.
One floor up, a business school once led by Kardashian family matriarch Kris Jenner was consumed by lawsuits, falling $198,000 behind on payments to Trump Tower by October 2020, according to court papers. And on the 21st and 22nd floors, the company that made Ivanka Trump shoes racked up $1.5 million in unpaid rent, according to a lawsuit that the Trump Organization filed this year.
But through all that — as Trump Tower has dealt with imploding tenants, political backlash and a broader, pandemic-related slump in Manhattan office leasing since last year — it has been able to count on one reliable, high-paying tenant: former president Donald Trump’s own political operation.
Starting in March, one of his committees, Make America Great Again PAC, paid $37,541.67 per month to rent office space on the 15th floor of Trump Tower — a space previously rented by his campaign — according to campaign-finance filings and a person familiar with the political action committee.
{snip}
Fahrenthold, O’Connell and Dawsey reported from Washington. Isaac Stanley-Becker and Alice Crites contributed to this report.
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