Detailed text transcripts for TV channel - MSNBC - 20170812:01:06:00
$150 million in property taxes that the city otherwise would have collected from him. in exchange the city of new york was basically -- they became kind of a stakeholder. they were guaranteed a financial stake in the hotel's success. the city would receive annual payments from the hotel based on how well the hotel did each year. that was the deal. he doesn't have to pay property taxes, but the city gets a piece of the hotel's revenue. you know what, the hotel did pay the city. the whole deal worked for a few years until it didn't. i mean, trump got his side of the deal okay. he didn't have to ...