The move follows reports of losses at some of President Trump's golf courses, and decisions by several hotels that had licensed the president's name to drop it. Trump Place will now be known only by its address, 200 Riverside Boulevard.
Almost 70 percent of the owners in the 377-unit tower at 200 Riverside Blvd. voted earlier this month for the change, saying they were anxious about resale value and security because of its connection to President Donald Trump's name.
A judge ruled in May that the residents had no legal obligation to display the name as part of the license agreement.
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The others, Fahrenthold added, are three other "Trump Place" buildings in NY alongside Trump hotels in the SoHo neighborhood of Manhattan and those in Toronto and Panama. That is clearly not the case today."After overcoming some internal divisions, the condo board devised a low-key strategy with its lawyer Harry W. Lipman: It would ask the State Supreme Court for a declaratory judgment that it was not required to retain the Trump name under the building's licensing agreement". According to the New York Times, the buildings in Toronto and SoHo paid the Trumps millions to remove the name.
The 377-unit tower was built in 1998 and owners agreed in 2000 to license the Trump brand, paying $1 in perpetuity for the naming rights. The condo board estimates the job will cost about $23,000. We just renewed our lease for two years."Ailing hotels in Toronto and NY paid the Trumps millions of dollars to remove the Trump name from their properties".
Manhattan condo residents cited antipathy, security risks and reduced property values from living in a building bearing the president's name.
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Another posted: 'Arguably, at one time the Trump name may have contributed something to the value of our apartments'. Trump no longer owns the buildings. Following that, the board passed a resolution to remove the signs.
The Trump Organization's contract to manage the building at the end of 2019.
Tenants voted last week to get rid of the prominent gold letters that spelled out "Trump Place" on the 46-story building's facade.
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It will be interesting to see how this impacts everyone, from the NCAA to the National Basketball Association to the G League, involved.
Eric Trump declined to comment.