Deal could settle bankruptcy of project involving Trump Jr.
Source: Associated Press
Updated 5:14 pm, Sunday, October 15, 2017
CHARLESTON, S.C. (AP) — A failed deal to redevelop the former Charleston Naval Hospital pitched by Donald Trump Jr. lands in bankruptcy court this week and the settlement could cost county taxpayers $33 million to buy the building and 24 acres of land.
A U.S. bankruptcy judge in Charleston could decide Monday whether to let Charleston County officials buy the property rather than honor a long-term lease, The Post and Courier of Charleston reports . The county had signed a 25-year lease to become anchor tenant in the project in which Trump Jr. was a minority investor. The lease carried an annual cost starting at $1.2 million. The county ended up pulling out of the deal in 2016, saying the building wasn't ready.
The property was foreclosed upon last year.
North Charleston Mayor Keith Summey remembered listening as Trump Jr., Utah lawyer Doug Durbano and Mount Pleasant resident Jeremy Blackburn proposed an ambitious urban redevelopment project.
Read more: http://www.chron.com/news/us/article/Deal-could-settle-bankruptcy-of-project-involving-12279730.php
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Make promises you know you can't keep, screw investors, contractors, suppliers, and employees, declare bankruptcy and skate away with $$millions. Hell of a way to do business Donnie!!!!!
(And to hear people say they want 45* to run the country more like a business 
)
