Cordoba House majority investor willing to sell to Trump

[wreckhog]

On Trump's terms and for 3x what Trump offered. Which apparently would make everyone extremely happy. Like I said before, NYC real estate is all about the Benjamins.


Donald Trump wants to stop the planned mosque and community center near Ground Zero - with cold, hard cash.

Trump said Thursday he'd pay $6 million for the Park51 site - a whopping 25% over the $4.8 million developers paid for the building last year.

The offer came a day after a Park51 investor said he's ready to sell what he claims is the majority share of the worn-down building for a healthy profit.

Trump wrote in a letter to the investor, Hisham Elzanaty, that his offer was "not because I think the location is a spectacular one (because it is not), but because it will end a very serious, inflammatory, and highly divisive situation."

But the cash bid came with a condition: Elzanaty must agree never to build a mosque within seven blocks of the former World Trade Center site.

Elezanty's lawyer Wolodymyr Starosolsky told The Associated Press that Trump's offer was "just a cheap attempt to get publicity and get in the limelight."

Elzanaty did not return calls for comment Thursday, but said Wednesday he considers Park51 "a mere business transaction."

"Develop it, raze it, sell it," he said. "If someone wants to give me 18 or 20 million dollars today, it's all theirs."

Park51 officials said yesterday Elzanaty doesn't even have the authority to sell the building.

"Soho Properties controls the real estate which encompasses the Park51 project in lower Manhattan," said spokesman Larry Kopp. "Hisham Elzanaty is one of eight investors in the project."

Trump first spoke against Park51 in August, calling it "insensitive" to 9/11 victims and their families.

The $6 million offer came just hours after Park51 opponents told the Daily News they hoped a deep-pocketed naysayer would step in and buy the site.

"Anyone who wanted to buy it, I think that would be great," said Tim Brown, a former firefighter and 9/11 hero who has been a key opponent of Park51.

Meanwhile, another first responder - Vincent Forras - sued the developer of the mosque, branding it a "monument of the jihadist's victory over American ideals of freedom and victory."


Read more: http://www.nydailynews.com/ny_local/2010/09/09/2010-09-09_donald_trump_offers_6_million_to_buy_out_major_investor_in_ground_zero_mosque_pa.html#ixzz10AQpXsBv

[powderman]

My estimation of Donald just took a big jump. I read last week that his offer was refused, I hope this is a new one. 7000 miles would be a better distance. Good for the firefighter, hope he gets something besides bad memories. POWDERMAN. 

[wreckhog]

If yu believe the hype, the original sellers turned down $18 Million several times so that is what the property is worth. Donald has that money, all he needs to do is write a check for that number and everyone wins.

[myronman3]

that is very big of you, spending someone else's money......why does that NOT surprise me?  hmmmmmm...

[wreckhog]

It is the art of the deal ie. how Donald made his money.

[myronman3]

how about i pick a few spots for YOU to buy?!?   how would that "art of the deal" sound to you?  i cant believe you actually believe half the stuff you post.