Trump ends infrastructure council

Richard LeFrak and Steve Roth were tapped to lead it

TRD New York /
Aug.August 17, 2017 06:52 PM

From left: Donald Trump, Richard LeFrak Steven Roth and the Port Newark container terminal

President Trump decided to abandon plans of forming an advisory council on infrastructure.

The move comes days after CEOs defected from Trump’s American Manufacturing Council and Strategic and Policy Forum in protest over his response to a violent neo-Nazi rally in Charlottesville.

Trump had tapped developers Richard LeFrak and Steve Roth to head the council but had yet to announce further appointments, Bloomberg reported. At an April conference, LeFrak was vague in responding to the question of how much influence the council had. “That’s a good question,” he said. “Some of us do have the president’s ear from time to time, and so if that means the commission will have some authority, that’s the authority.”

The council’s intended mandate was to help oversee a planned $1 trillion in additional federal infrastructure investment.

“They’re pros,” Trump Told The Wall Street Journal in January. “That’s what they do. All their lives, they build. They build under budget, ahead of schedule.” [Bloomberg] — Konrad Putzier


Related Articles

arrow_forward_ios

Make Greenland Great Again? Trump wants to buy Arctic territory

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Michael Cohen and Donald Trump (Credit: Getty Images, iStock)

Trump exaggerated building values to get financing, tax documents show

Alexandria Ocasio-Cortez, Bernie Sanders and Elizabeth Warren

By the numbers: Breaking down national housing agendas from the far left

Trump’s tax returns, Amazon gets into proptech: Daily digest

Nuveen CEO Vijay Advani, Blackstone President & COO Jonathan Gray and one of the Texas properties

Blackstone just sold off a 29M sf national industrial portfolio

These real estate billionaires made Forbes’ list of richest Americans

The purge continues: WeWork’s head of real estate is leaving

arrow_forward_ios