GSA Picks Trump Organization For $200M Renovation

Law360, New York (February 8, 2012, 12:14 PM EST) -- Trump Organization has won the right to redevelop the Old Post Office, a federally owned landmark office building in Washington, and turn it into a luxury hotel in a proposed $200 million project, a federal agency announced Tuesday.

The U.S. General Services Administration said the proposal for the underused federal property offered by Trump Organization, headed by real estate mogul Donald Trump, showed the best long-term potential and would provide the government with a consistent revenue stream. The two organizations will spend the next year negotiating...
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