Thursday, June 2, 2016

When Donald Trump Tried to Stop Ferry Service Between New York and New Jersey

NYT reports:

In a 1985 letter to Mayor Edward I. Koch, Mr. Trump predicted New York City’s imminent downfall if a fellow real estate developer, Arthur E. Imperatore Sr., were allowed to start a ferry service between New Jersey and Manhattan. “Real estate values and taxes in New York would plummet,” Mr. Trump prognosticated darkly. “Why would anyone want to live or shop in New York?” (Mr. Imperatore started the ferry service without destroying New York’s economy.)

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