January 9, 2013
We told you earlier this year that Donald Trump has designs of opening a hotel in Washington D.C., in one of the city's beloved landmark's, the Old Post Office.
Well, now he doesn't want to pay taxes on the property, which could delay the project. The Old Post Office is a federal building, so property taxes aren't required, but possessory interest tax--established in 2000 to tax companies operating on federal landare still in order.
According to The Washington Business Journal, The Old Post Office's tax bill could start at $3 million a year. The article said Trump has been trying to get unspecified "relief" on the tax from the cityso far to no avail.
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