“This is the end of Donald Trump as a business presence in New York,” he said.The crumbling Trump Plaza Casino along the oceanfront in Atlantic City, New Jersey, once a key real estate asset of former U.S. “However, being in a situation where he may be fed up with New York, and he may be the most hated man in New York, he may want to just make a deal and get time to sell his properties.”ĭavid Cay Johnston, a journalist who has written extensively on Trump and teaches at Syracuse University’s law school, said the process of forcing Trump to give up his holdings could prove a “Gordian knot.” “He has a really good chance of winning an appeal,” Bailey said.

(Trump never owned the hotel.)Īdam Leitman Bailey, a Manhattan real estate lawyer, said that even if Trump is never forced to give up his property, he may choose willingly to sell it. And his name also dropped from Trump Soho New York, known as the Dominick since 2017. The Central Park ice rinks had Trump’s name scrubbed off them in 2019. The Bally’s casino chain, now in charge of the course, plans to strip Trump’s name. Capitol, sending Central Park’s carousel and the Wollman and Lasker ice skating rinks into new management.Īnd Trump’s name is already coming off properties.Įarlier this month, the Trump Organization sold its right to operate the public golf course at Ferry Point in the Bronx. The city axed its contracts with the Trump Organization following the Jan. Trump’s real estate footprint in his hometown is already shrinking. “Any building that gets sold, the name is going to go away,” Stein said. (It’s not clear if Engoron’s ruling could force Trump to give up his beloved penthouse triplex at Trump Tower.)īuyers of any Trump properties might condition their purchase with the removal of his name, given the 77-year-old Republican’s tarnished brand. In 2015, he rode down the building’s elevator before launching his successful presidential run.

No New York building is more associated with Trump than the 58-floor skyscraper located between 56th St. “Trump Tower” screams in blocky gold lettering above the mixed-use tower’s entryway. But if Trump Tower is sold, Stein said, the former president would likely try to keep his name on the building, which houses apartments, restaurants and commercial space.

Trump builds casino over house