Trump Tweaks Palm Beach Officials With Plans To Turn 125 Million Dollar Mansion Into a Hotel
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Donald Trump is an expert at link bait.
First he puts his home in Palm Beach up for sale for a record 125 million dollars. Then after a couple of years of no action, he decides to announce to the world that he is going to turn the property into a hotel.
Now if you know anything about Palm Beach and zoning restrictions, the odds of Trump pulling this off are slim to none. In fact, if he pulled this off it would be a miracle. But if your goal is to get pithy bloggers such as myself to write about it and the media to go into a frenzy, then Trump has gotten his wish.
The man may not be the greatest businessman or person in the world but he sure does know how to get media attention.
“What I would really like to do is build a world-class hotel on the site,” Trump said in a phone interview Thursday. “It really sets up incredibly well for a super-luxury hotel.” The 6-acre property includes a 475-foot expanse of beachfront, 24-karat-gold bathroom fixtures, a 48-car garage and a 100-foot-long ballroom. Trump offered no details about how many rooms he might build or how much they might cost.
Trump said he has not asked the town of Palm Beach for permission to build a hotel on the property, although he said he has pitched the idea to “some of the world’s great hoteliers” and received an enthusiastic response.
Not so enthusiastic was Palm Beach Mayor Jack McDonald. He worries about traffic that would be created by a hotel in an area of posh mansions. “It does not sound like a good idea to me,” McDonald said. “It’s a residential neighborhood, and it has the character of a residential neighborhood. A hotel would change that character dramatically.”
Trump would have to persuade the town council to change the property’s zoning and land use, something Councilman David Rosow called unlikely. via the Palm Beach Post
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
Pingback by Trump Sells Palm Beach Mansion For Record 100 Million Dollars — The Real Estate Bloggers on 15 May 2008:
[...] master showman was in the headlines a couple of months with this property threatening to turn it into a hotel. Nothing for the marketplace but it did get headlines [...]