cashinmattress Posted May 30, 2009 Share Posted May 30, 2009 Work on iconic Trump Tower in Dubai halted indefinitely and site levelled It was to be one of Dubai's flashiest developments and success was assured by the Trump name. But now the Trump International Hotel and Tower site has been levelled and what was to be the centre piece of developer Nakheel's prestigious Palm Jumeirah project will fall quiet.Nakheel, which was developing the project, first called a halt at the end of last year and a statement said that they project was delayed. Now it has been suspended indefinately. The Al Habtoor Leighton Group confirmed that it is finishing levelling work and it will leave the site next month. A spokesman admitted that they have no idea when work might re-start but the site is ready for a possible resumption in the future. 'Initially they (Nakheel) thought it would be six to 12 months, but the honest answer's going to depend on what happens in the market. It's a high-end product, so it's got quite an unusual market,' said David Savage, the managing director of Al Habtoor Leighton Group. 'We're finishing off the ground levelling and will be leaving the site in the next month. Nakheel stopped the contract but we kept working with them to get the site closed up,' he added. Trump Tower was to be the first in the region for global property entrepreneur Donald Trump. He even attended a lavish even in New York to launch the project. Nakheel has delayed work on most of its high-profile projects, including Palm Deira, The Universe and Nakheel Harbour and Tower. Many of Dubai's iconic construction projects are either cancelled or on hold as the global property crisis hits the region hard. Let this be a lesson to the lot of you that property is always a gamble. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted May 30, 2009 Share Posted May 30, 2009 Anything that involves Trump is a gamble. Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted May 30, 2009 Share Posted May 30, 2009 (edited) Trump is a serial bankrupt, this has to be expected, he doesn't even own the rights to his own name anymore, he is basically owned by his creditors. His scheme in Mexico has collapsed too taking everyones deposits with it. Amazingly he's still scamming in Scotland :- http://news.scotsman.com/scotland/Tycoon39...-the.5314214.jp Edited May 30, 2009 by sillybear2 Quote Link to comment Share on other sites More sharing options...
CokeSnortingTory Posted May 30, 2009 Share Posted May 30, 2009 The "orange-haired skyscraper magnate" (copyright Las Vegas Sun News) strikes again. Amazed the Jeckies are showing such poor financial judgement as to allow him to keep "developing" their hallowed turf. Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 30, 2009 Author Share Posted May 30, 2009 Trump is a serial bankrupt, this has to be expected, he doesn't even own the rights to his own name anymore, he is basically owned by his creditors. His scheme in Mexico has collapsed too taking everyones deposits with it. Amazingly he's still scamming in Scotland :- http://news.scotsman.com/scotland/Tycoon39...-the.5314214.jp St Andrews, Glen Eagles, Troon, Carnoustie, Prestwick, Muirfield, Musselburgh, Turnberry... these are the places where golfers really want to play, and they are already kitted out accommodations and authentic historic Scottish countryside and villages. Why Trump thinks people will forgo the old courses and travel to the North East to play on some new course, complete with American style tat is beyond me. For those that love the game, well, it makes more sense to travel to South Carolina in America. Trump doesn't give a rats ass about Scotland or the UK. He is driven by money. It's all been very cloak and dagger, and dodgy. Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted May 30, 2009 Share Posted May 30, 2009 Trump doesn't give a rats ass about Scotland or the UK. Yes but: Mr Trump, who has previously made two private trips to the estate, also spoke with pride about his Scottish ancestry. His grandmother, Mary MacLeod, was born on the Isle of Lewis. "I definitely feel very much at home when I am here in Scotland," he said. Quote Link to comment Share on other sites More sharing options...
shedfish Posted May 30, 2009 Share Posted May 30, 2009 i suggest the government set up a Pointless Asset Relief Programme (PARP) Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 30, 2009 Author Share Posted May 30, 2009 Yes but: It has always been beyond ridiculous to read that. He is just pandering to the locals with his phoney sentiment. Quote Link to comment Share on other sites More sharing options...
Scunnered Posted May 30, 2009 Share Posted May 30, 2009 Yes but:Mr Trump, who has previously made two private trips to the estate, also spoke with pride about his Scottish ancestry. His grandmother, Mary MacLeod, was born on the Isle of Lewis. "I definitely feel very much at home when I am here in Scotland," he said. The article's very confusing, but it appears that it's not actually Donald Trump that they're quoting, but his son, Donald Trump. Quote Link to comment Share on other sites More sharing options...
darwin Posted May 30, 2009 Share Posted May 30, 2009 the poor old orange haired shyster No, that would be Sibley. Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted May 30, 2009 Share Posted May 30, 2009 You mean the younger one, "The Donny" Assigning him this project is clearly a character test for him, what's the internal codename, "my first big scam"? Quote Link to comment Share on other sites More sharing options...
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