There is nothing nefarious about this at all.

If you look into this one, the Grand Hyatt Hotel, it's hard to conclude it's anything other than sketchy.

By 2016 the abatement returned 3x times the amount of the cost of building the Hotel and still had 4 years to go. This is because it went for an absurd 40 years. NYC has never ever given any other project a 40 year abatement. it also was not available to other developers only to Trump because again the mayor and the governor had known him since was a kid. And it was in a place where development started taking off, it's right near Grand Central, superb location....meaning it wasn't needed in the first place.

but my larger point, was Trump got his first deals done entirely through his family connections. If no Fred, no Donald. Fred had to sign for the bank loans, because Donald couldn't get financing and his political connections got him the project in the first place.

There is nothing nefarious about this at all.

If you look into this one, the Grand Hyatt Hotel, it's hard to conclude it's anything other than sketchy. The abatement returned 3x times the amount of the cost of building the Hotel. This because it went for an absurd 40 years. it also was not available to other developers. And it was in a place where development started taking off, it's right near Grand Central, superb location....meaning it wasn't needed in the first place.