Trump: Chicago is going to be a fine transaction

Donald Trump fielded some questions from New York Times writer Deborah Solomon that appeared in the New York Times Magazine yesterday, including a question about Trump’s Chicago venture, the 92-story tower at 401 N Wabash Ave in River North.

Trump has been in a battle with Deutche Bank over debt payments for Trump Tower’s construction loans and there have been several reports that sales have flattened, but Trump remains reluctant to acknowledge any problems.

How is the real estate business doing?
My real estate is doing great. Because most of my jobs were finished prior to the depression, as I affectionately call it.

What about that new Trump Tower in Chicago, where condominiums are reportedly going unsold?
Chicago is working out. In the end, Chicago is going to be a fine transaction for everybody. We sold over $500 million worth of units. Those units are closing out.

Can you acknowledge any problems in real estate, or is it just too against your nature?
It’s always against my nature to acknowledge problems unless the problems really exist.

To see The Donald’s recent Chicago appearances, visit our YoChicago YouTube channel.

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