Thursday, September 09, 2010

Donald Trump Offers to Buy out Investor in NY Mosque Site

AP: Donald Trump is offering to buy out one of the major investors in the real estate partnership that controls the site near ground zero where a Muslim group wants to build a 13-story Islamic center and mosque.
In a letter released Thursday by Trump's publicist, the real estate investor tells Hisham Elzanaty he would buy his stake in the lower Manhattan building for 25 percent more than whatever he paid.
Trump says he's making the offer not because he thinks the location is spectacular but because it would end "a very serious, inflammatory, and highly divisive situation."
It's unclear whether Elzanaty has total control over the property, which is owned by an eight-member investment group managed by Soho Properties.

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