Trump Tower TAMPA Donald & SimDag

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Real Estate Agent with Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196 SL3130026

Why did Trump Tower Tampa never make it?  My personal belief was that Donald Trump knew when to get out, so he slid out while the market was still warm.  At first there was rumor that the ground was not solid, then a few other things.  Now today, I ran across this: (interesting enough)

A onetime financial savior of the Trump Tower Tampa project pleaded guilty Tuesday to evading more than $170-million in federal taxes. Frank Amodeo, former head of Mirabilis Ventures Inc., is accused of buying up companies, many in payroll services, and using withheld employee taxes to buy more companies. "I erroneously believed that we were allowed to defer payment. ... That was not the case, and I deeply regret my failure to fully comply with the tax code," Amodeo said in a statement after issuing a plea in federal court in Orlando.

In 2006, Trump Tower developer SimDag LLC engaged Amodeo to provide more than $200-million to build a 52-story luxury condo tower under license from New York tycoon Donald Trump. The deal fell apart. As part of Amodeo's defense, witnesses said the former financial wizard suffers from a bipolar illness that has left him with delusions of ruling the world.

By James Thorner, Times Staff Writer 

I can only imagine after how much of this might be fabricated, at least a little :-D

Katrina

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Tags:
donald trump
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Rainer
13,815
Tony Wangrycht
OneAmerica - Seminole, FL - Seminole, FL

"The Don" is a smart man, and his people know of problems before they become problems, maybe this is why he is so successful.

Sep 26, 2008 02:32 AM #1
Rainmaker
589,067
Cyndee Haydon
Charles Rutenberg Realty - Clearwater, FL
727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes

Katrina - Also just learned the Ritz Carlton won't be built either. I think we've got enough developments right now that need to be filled. thanks for sharing!

Sep 26, 2008 02:54 AM #2
Rainer
7,117
Sheila Santini
Waterfront and Boaters paradise Realtor! - Tarpon Springs, FL
GRI

Actually, It had to do with Engineering, They had difficulties getting the ground secure enough to handel the Building, and went through several Engineering Firms as well as several very large nationwide builders to reveiw the drawings and Engineering Specs, from what I understand no one wanted the liability of Building, then as you know what Happened to the Market.  I'm Sure Donald got his cut before he signed the contract selling his name to the project.

Sep 26, 2008 02:56 AM #3
Rainer
208,733
Bob Cumiskey
A1 Connection Realty, Inc. - Sun City Center, FL
US Army Retired, Your Sun City Center, Florida ~ Realtor

Katrina, Thanks for the update.  I drove through Tampa last week and as I looked at the skyline, I couldn't help wonder about where the "Trump Tower" was. 

Sep 26, 2008 12:48 PM #4
Rainmaker
251,788
Katrina Madewell
Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196 - Tampa, FL
Tampa FL Homes for sale | Tampa Bay - (813) 777-1196

There was a sign there for a long time, even though the project was 86'ed months and months before hand.

Right off of the river BEFORE the Crosstown at 102 W Whiting St
Tampa, FL 33602, was the scheduled location.

Sep 27, 2008 05:08 PM #5
Rainmaker
595,386
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

I didn't realize the Trump Tower project never made it. That's the project that one of the guys from the TV show chose to operate wasn't it?

Sep 28, 2008 07:29 PM #6
Rainer
12,063
Vincent Arcuri, P.A.
Cooperative Real Estate - Tampa, FL

I heard they were building a condo for every person in Tampa.

Oct 07, 2008 12:26 PM #7
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Rainmaker
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Katrina Madewell

Tampa FL Homes for sale | Tampa Bay - (813) 777-1196
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