He gets a steady income from commercial real estate properties that don't bear his name in New York and San Francisco. To be sure, while Trump disclosed hundreds of millions of dollars of debt while he was president, his company still owns valuable assets. On a recent day at Trump Tower, the escalator going up from the first floor was roped off and small ground-level shops had been converted to display windows for Trump-branded merchandise. His hotel in Washington lost $74 million while he was president, Congress recently reported. Trump's brand licensing business is largely stagnant. Though golfing spiked in popularity as a result of the pandemic, Trump resorts from Doral, Fla., to Doonbeg, Ireland, have faced a loss of conference and tourism clientele. In the years before he became president, Trump went on a spree of buying up golf resorts. Trump's problems extend beyond New York City. Though there's millions of dollars of debt, Trump still has steady income Neither the Trump Organization nor spokespeople for the former president responded to requests for comment. "The impact has been really negative in what we call the brick-and-mortar economy," said Kathy Wylde of the New York City Partnership, a business group. Tourism and retail shopping also plummeted. The New York State Comptroller earlier this month issued a report showing the value of Manhattan office buildings dropped $28 billion since the onset of the pandemic. Politics Documents show Trump lost millions operating D.C.
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