JCF Capital ULC wanted so badly to reboot the branding at the Trump International Hotel & Tower in Toronto, it paid $6 million to start over.
"Donald Trump’s business will be paid millions of dollars to release the owner of a Toronto hotel complex from using his name," reports Katia Dmitrieva.
"JCF Capital ULC, the closely held U.S. firm that owns the Trump International Hotel & Tower in the city’s downtown business district, reached a buyout deal to exit the contracts with the Trump Organization’s hotel unit," adds Dmitrieva, reporting information made available in a statement by the companies.
The statement didn't disclose the financial figure JCF Capital ULC was willing to pay to part with the Trump name, but Dmitrieva has a source close to the deal that revealed the price was $6 million.
According to Dmitrieva, the hotel has a history of construction delays, lawsuits, and a default under the previous owner—all before the anti-Trump protests began in earnest.
FULL STORY: Trump's Company Gets Millions So Toronto Hotel Can Erase Brand
The Most Popular Tree on Google?
Meet Rodney: the Toronto tree getting rave reviews.
Has President Trump Met His Match?
Doug Ford, the no-nonsense premier of Canada's most populous province, Ontario, is taking on Trump where it hurts — making American energy more expensive.
The Trust for Historic Preservation’s ‘Most Haunted’ Hotels of 2024
Looking for a historically creepy place to spend Halloween? Check out these haunted properties.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Baltimore Ordered to Improve Sidewalk Accessibility
The city is one of many to face lawsuits for failing to comply with the Americans with Disabilities Act.
This Toronto Suburb Has More Bus Riders Than Columbus, Ohio
Brampton, Ontario used gradual improvements in service to prove that if you build it, they will ride.
Paris Bike Boom Leads to Steep Drop in Air Pollution
The French city’s air quality has improved dramatically in the past 20 years, coinciding with a growth in cycling.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
Alamo Area Metropolitan Planning Organization
City of Santa Clarita
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service