New Trump Tower
Even state media in the US is confused…
But the announcement raised more questions than it answered about the precious site’s future. It said nothing about how the seeming partnership would work or which side would be calling the shots.
In the absence of clarification from the White House, speculation was rampant as to the agreement’s meaning on Thursday.
“Unbelievable,” one Manhattan power broker said of the news.
Another speculated, “This could be a long-term play for Witkoff,” who played a big role financing Manhattan hotels including the Times Square Edition and the Faena next to the High Line.
The Pakistan finance ministry’s agreement is with the US General Services Administration, Reuters reported. It appears to be non-binding, but GSA didn’t respond to The Post’s request to clarify the deal.
The GSA agreement should theoretically be FOIA-able, but these days that’s not a guarantee it will ever be released.
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a project in the neo classic style
That would be great.
A GSA source told us on background that the “memorandum of understanding” merely “establishes a structured, time-bound framework for joint evaluation of the technical, commercial, and economic parameters of cooperation, reflecting a shared commitment to transparent, disciplined, and mutually beneficial progress.”
And, given the Roosevelt’s prime location and “the complexity of New York zoning and municipal processes, institutional coordination aims to reduce execution risk, enhance regulatory clarity, and maximize transaction value.”
Got it?
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Partnering with the current admin, they will try for the tallest in NYC here – a legacy building. Then it will bog down into a morass of lawsuits, incompetence, infighting and failure. This partnership makes it less likely it will be built anytime soon.
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