New York City is severing its contracts with the Trump Organization over President Trump's role in inciting a violent riot by his supporters at the Capitol last week.
Lime removes all Trump-owned properties from its list of approved corporate hotels yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The Trump Organization runs three concessions in New York City: the Central Park Carousel, the Wollman and Lasker skating rinks in Central Park, and the Ferry Point Golf Course. They brought in a reported $17 million last year.
City corporation Counsel James Johnson said in a statement, “In light of last week’s attack on our Capitol and our democracy, we have concluded that it is in the best interests of New Yorkers for the City to commence the process of cancelling these contracts and terminating its business ties with the Trump Organization.” Cancellation of the various concessions will take several weeks to several months.
Read more about Twitter without Donald Trump tumbles along with other tech shares on Business Standard. Shares of social media and other tech companies slid on Monday, hit by fallout from the siege on the US Capitol by supporters of President Donald Trump