The Wall Street Journal: Trump Organization to Build 70-Story "Trump Power Tower" in Georgia
According to The Wall Street Journal, the Trump Organization and its partners plan to construct the Trump Power Tbilisi. According to sources, the project will be a multifunctional building of approximately 70 stories, and upon completion, it will become the tallest structure in Tbilisi, the capital of Georgia.
The tower will include luxury residences, commercial spaces, and hotel facilities.
The project is designed by Gensler architecture firm and developed by a consortium comprising Georgian real estate company Archi Group and Biograpi Living, a subsidiary of a local business group. A representative of the Trump Organization's project partner stated that New York-based developer Sapir Organization—formerly associated with Trump—also participated in the project.
The Wall Street Journal noted that since the beginning of Trump’s second term, the Trump Organization has increasingly focused on international brand licensing and partnerships as a core business strategy. However, critics argue that such overseas projects may involve potential conflicts of interest.
Erik Trump, the president’s son and also serving as executive chairman of the organization, previously denied allegations of conflicts of interest within the Trump Organization’s overseas operations, asserting that business activities remain independent from White House administrative affairs.
In reference to the Tbilisi project, Erik Trump stated in the project press release that the development would bring the organization’s “globally recognized quality standards” to Georgia.
Earlier this week, Trump publicly criticized a federal judge who issued an order halting the construction of the White House banquet hall. This $400 million project has been promoted by Trump for over a year.
Trump claimed the banquet hall would be “a gift to America,” capable of hosting large-scale events safely for future U.S. presidents and foreign leaders, featuring air-raid shelters, modern hospitals and medical facilities, as well as classified military installations.
Additionally, just last week, the Trump administration unveiled plans for a 76-meter-high triumphal arch to be built in Washington, D.C., an initiative now under review by the Fine Arts Commission.
Original article: toutiao.com/article/1862856618043404/
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