Trump condo owners cry foul

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Trump condo owners cry foul

While voters on the national stage face down another election year starring Donald Trump, condo owners at Trump World Tower are claiming a rigged election is stifling their efforts to change the name of Midtown Manhattan property.

A monthslong push to change the name of the building could be facing certain death in a board meeting scheduled for next week. Owners in the building say a June 4 vote — its first in years, in violation terms of the condo’s bylaws — is a move to assure the reelection of current members.

The meeting intends to fill the building’s six board seats, the board notified unit owners on May 17 in a letter viewed by The Real Deal. The election ballot distributed to unit owners includes the names of current board members plus several write-in slots.

Condo owners say they fear reelecting the current board is a foregone conclusion that would cement the board’s determination “that pursuing a renaming would not be in the best interests” of the building, which the board expressed in a May 28 letter to unit owners.

Removing the Trump name from the building would not be in the interest of the Trump Organization, whose vice president Eric Trump is one of two appointed members of the Trump World Tower board. The firm charges a licensing fee for lending its name to the building and earns revenue for managing the property at 845 United Nations Plaza on the east side of Manhattan near the UN Headquarters.

Source::The Real Deal