New York City Cancels Contracts With Trump Organization, Costing President $17 Million A Year

New York City will terminate its business relationship with President Trump, Mayor Bill de Blasio announced Wednesday morning, the latest consequence the president is facing for last week’s attack on the U.S. Capitol.

De Blasio told MSNBC’s Morning Joe that the city is pulling all of its contracts with the Trump Organization, which is made up of hundreds of businesses owned by Trump, a Queens native.

“New York City has severed all ties with the Trump organization due to criminal activity,” said de Blasio.

The Trump Organization has contracts to run two ice-skating rinks in Central Park, the Central Park Carousel and a golf course in the Bronx.

These contracts—which the city said it could take a month or so to terminate—brought the president’s company about $17 million of revenue last year, according to financial disclosures.

The cancellation of these contracts will impact some of the president’s oldest businesses, created when he was still gaining recognition as a real estate developer in New York.

The Trump Organization and the Trump Campaign did not immediately respond to requests for comment.

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