Donald Trump’s Manhattan real estate empire has relied on a huge amount of government and taxpayer assistance. He has reaped at least $885 million in tax breaks, grants and other subsidies for luxury apartments, hotels and office buildings in New York, according to city records.
The subsidies enabled him to lower his costs and sell apartments at higher prices because of their reduced taxes.
No possible subsidy was left untapped.
In one case, after the Sept. 11, 2001, terrorist attacks on the World Trade Center, Mr. Trump lined up a $150,000 grant for one of his buildings near ground zero. That took advantage of a program to help small businesses in the area recover, even though he had acknowledged on the day of the attacks that his building was undamaged.
“His whole M.O. is to exploit the government for everything he could get,” said Jerilyn Perine, the city housing commissioner during the Giuliani and Bloomberg administrations.