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MegadealsSubsidy Tracker Individual Entry
Company: Trump World Tower
Parent Company:
Trump Organization
Subsidy Source: local
Location: New York
County: New York
Project Description: condominium
Year: 2003
Major Industry of Parent: real estate
Specific Industry of Parent: real estate
Subsidy Value: $119,500,000
Subsidy Value in 2023 Dollars: $199,004,262
Program Name: property tax abatement
Awarding Agency: Division of Housing Finance
Type of Subsidy:
MEGADEAL
![Megadeal is the designation we give to our list of subsidy awards worth at least $50 million going back as far as the late 1970s (in January 2024, we increased the threshold from $50 million to $100 million). Many of them are packages involving multiple state and local subsidies. We created the list to fill gaps in the official disclosure data that make up the bulk of the content in Subsidy Tracker. Megadeal entries thus rely on a wide variety of information sources. In some cases these entries overlap entries from specific subsidy programs. In those instances the dollar totals on the Parent Summary Pages and the State Summary Pages are adjusted to avoid double-counting.](https://subsidytracker.goodjobsfirst.org/resources/images/qmark.gif)
Source of Data: The subsidy value comes from: Charles V. Bagli, "A Trump Empire Built on Inside Connections and $885 Million in Tax Breaks," New York Times, September 17, 2016; online at
(click here)
Notes: The Trump Organization was originally turned down for a 421-a property tax abatement, but after filing a lawsuit it won a 10-year award in 2003.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.