April 26, 2024

Who Said That?

Florida's quote of the day

| 8/3/2015

" I didn't know people could take your money and not build the building."

-- Jay Magner, who lost $130,000 of his down payment on the failed Trump Tower Tampa

Among the scores of Tampa Bay projects doomed by the real estate crash none was as grandiose as the $300 million Trump Tower Tampa. Announced while the market was at its zenith in 2005, it was buoyed by Trump's star status as host of TV's The Apprentice but quickly fell victim to soaring construction costs and a lack of financing.

Now, with the economy recovering, plans for a similar size tower on the same site have been filed, but with far less braggadocio than the Trump project. Trump himself has long since moved on to other endeavors — among them running for president — while many of the buyers remain convinced they were badly misled about the extent of his involvement in the project.

Read more at the Tampa Bay Times.

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