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Old 01-13-2021, 07:05 AM
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Default NYC terminating contracts with Trump Organization after Capitol riot


NYC terminating contracts with Trump Organization after Capitol riot
By Nolan Hicks
January 13, 2021 | 9:32am | Updated

City Hall will yank the Trump Organization’s multimillion-dollar contracts to operate four popular attractions in the Big Apple’s public parks, Mayor Bill de Blasio announced Wednesday.

Hizzoner accused the president of inciting the mob that rioted on Capitol Hill in violation of provisions barring criminal behavior.

“The contracts make very clear that if the company and the leadership of that company is engaged in illegal activity, we have a right to severe the contract,” de Blasio said on MSNBC’s ‘Morning Joe’ on Wednesday morning. “Inciting an insurrection against the United States government clearly constitutes criminal activity.”

“So, the City of New York will no longer have anything to do with the Trump Organization,” he added.

The Trump Organization operates four major attractions in city parks: Trump Golf Links at Ferry Point in The Bronx; the Wollman Rink at the southern part of Central Park, the Lasker Rink at the northern end of Central Park and the famed Central Park Carousel.

Records filed with city Comptroller Scott Stringer estimate that the contracts are worth more than $45 million dollars. About $36 million accounts for the pair of rinks.

President Trump owns the Trump Organization, but his sons, Don Jr. and Eric Trump, run the company.

Eric Trump slammed the city’s decision.

“Yet another example of Mayor de Blasio’s incompetence and blatant disregard for the facts,” he said in a statement to ABC News. “The City of New York has no legal right to end our contracts and if they elect to proceed, they will owe The Trump Organization over $30 million.”

He added: “This is nothing more than political discrimination and we plan to fight vigorously”

The Trump Organization didn’t immediately return a message from The Post seeking comment.

Mark Clyman, a Manhattan corporate lawyer at Wilk Auslander LLP, said nixing the contracts might not be clear cut.

“They would need to find grounds for termination,” Clyman told The Post Tuesday.

He had not seen the contracts.

“The bottom line is if there isn’t a clear, delineated way to terminate the agreement by the city then there is not much you can do,” he added. “You can’t terminate a contract without a right to terminate … otherwise you would be subject to breach of contract and monetary damages.”

The announcement comes the House begins second impeachment proceedings against Trump Wednesday over his alleged role in inciting the violence that left five dead.

De Blasio reached the decision to cancel the contracts just a day after he announced they would be examined.
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