Troubles With Trump: Just one month ago, Donald Trump... - NBC New York

Troubles With Trump: Just one month ago, Donald Trump...

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    NEWSLETTERS

    Troubles With Trump: Just one month ago, Donald Trump...

    Just one month ago, Donald Trump and his assorted offspring celebrated the topping off their massive Trump International Hotel & Tower on the Chicago River by dipping their hands in wet cement—but in hindsight those white towels may come to signify surrender. The Wall Street Journal reports that the 92-story project is being hit with a "triple whammy of colliding forces: the credit crunch, the reversal in the housing market and weak retail sales." Trump has lined up $580 million in sales (and closed $200 million of that) but he owes lenders $1 billion. [WSJ; previously]

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