Daily Bread for 11.15.21: Washington, D.C. Is About to Look Nicer | FREE WHITEWATER
FREE WHITEWATER

Daily Bread for 11.15.21: Washington, D.C. Is About to Look Nicer

Good morning.

Monday in Whitewater will be cloudy with a high of 37.  Sunrise is 6:48 AM and sunset 4:31 PM for 9h 42m 48s of daytime.  The moon is a waxing gibbous with 86.7% of its visible disk illuminated.

 Whitewater’s Library Board meets at 6:30 PM.

 On this day in 1864, Union General William Tecumseh Sherman begins Sherman’s March to the Sea.


Stephanie Mencimer writes Bye Bye, Trump Hotel:

It turns out not even Rudy Giuliani’s bar tab could save the Trump International Hotel. The Trump Organization lost at least $70 million since its opening in 2016, even as the grand hotel became a fixture of Trump-era Washington, a place where the president’s loyalists and sycophants alike could gather in a cozy bubble safely away from the fake news and impeachment managers and sip champagne from a spoon and imbibe cocktails starting at $24 a pop.

The Trump family has been threatening to sell it for the past few years, and now it seems they finally have: The Wall Street Journal reported Sunday that a Miami-based investment firm, CGI Merchant Group, intends to assume the lease with the federal government for $375 million and turn the Trump Hotel into a Waldorf Astoria.

The hotel had become a liability for a family company that no longer had a steady stream of lobbyists and influence-seekers willing to pay inflated prices for rooms in a hotel that many businesses wouldn’t come near because of the association with Trump. By far one of the former president’s biggest conflicts of interest—he refused to relinquish control of the company that ran it—Trump had won the contract to lease the former Old Post Office Pavilion from the federal government by wildly overpaying, and then sinking $200 million into renovations, paid for with $170 million borrowed from Deutsche Bank. That loan, and others, comes due in 2024.

When a new owner gets the keys to the hotel, the first order of business should be (1) hiring an exterminator and (2) calling an exorcist.

For it all, the removal of the TRUMP name is sure to uplift both residents’ moods and nearby property values.


How Pine Nuts Are Harvested:

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