Serving the Loop and Near North neighborhoods of downtown Chicago
Six intriguing things we learned from an under-oath Donald Trump

The Trump Organization May 18, 2013 – Donald Trump answered questions for about five hours over two days in a civil trial in downtown Chicago this week. Getting him to talk was not an issue. In fact, we learned at least six noteworthy things about him and his 92-story Trump International Hotel & Tower.

  1. In a very early design, the tower was 100 percent office space.
  2. Originally, the Chicago Sun-Times, owner of the site on which it was built, owned 50 percent of the Trump project. When the newspaper company ran into financial problems in the 2000s, Donald Trump bought out its share.
  3. When a large amount of commercial space was taken out of the design before construction started, the residential floors changes, too – including the view from some units. Owners who had already purchased a unit were given the opportunity to back out of their agreements.
  4. When you buy a hotel/condo unit at Trump, you can live in it, rent it out, or let the hotel use it as a room. The hotel/condo concept originated in Florida. Originally at Trump, a computerized system assigned units equitably but over time the hotel manager was given discretion as to how rooms are assigned.
  5. The condo owner at Trump Chicago who owns the most units is Donald Trump.
  6. According to Donald, he personally signs all of The Trump Organization’s checks – thousands of them every week. However, he denied a claim by a former vice president that he inspects and approves every use of his photo in Trump marketing materials.

Photo: Donald Trump from the “Welcome” page of trumpchicago.com.

Mortgage rates hit 7.28%, tightening squeeze on North Side buyers
Mortgage rates hit 7.28%, tightening squeeze on North Side buyers
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers
Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK
Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK
Cook County homeowners bear brunt of $744M tax hike as commercial values lag
Cook County homeowners bear brunt of $744M tax hike as commercial values lag
Why Cook County’s senior property tax freeze should be automatic—and permanent
Why Cook County’s senior property tax freeze should be automatic—and permanent
Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn
Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn
Data center redevelopment at 300 West Adams approved
Data center redevelopment at 300 West Adams approved
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap
Court backs City Hall in Streeterville pot shop ruling
Court backs City Hall in Streeterville pot shop ruling
ChicagoFilming.com Chicago MLS Pro Aqua Condo Homes Marina City Condo Homes West Town Condos Chicago MLS Pro