Quote of the day: The Donald warns against building low

“There are certain neighborhoods, perhaps, where you wouldn’t want to build. But, you know, eventually they’re going to down-zone the whole city and you’re not going to be able to build in New York City anymore, so you’ll have to go to China. You literally aren’t going to be able to build in New York. They’re going to down-zone everything, because nobody wants to have a building that’s above 15 feet high. And the city’s got to be very careful of that.”

– Donald Trump, quoted in The New York Observer. The hotel at Trump International Hotel & Tower, in River North, will open two months late, Crain’s reports today.

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