Latest news with #TrumpLibrary
Yahoo
a day ago
- Business
- Yahoo
Trump Plots to Build His MAGA Monument on Free Land With Lawsuit Millions
Donald Trump is considering using the millions he received from lawsuit settlements as seed money to build his presidential library in his adopted home state of Florida. The president plans to create what's sure to be a tasteful monument to his time in the White House at Florida Atlantic University, which has reportedly offered Trump a 100-year lease for free land on its campus, according to The Wall Street Journal. To help fund the ambitious project—which could cost hundreds of millions—Trump is planning to donate the $15 million he received from ABC News as part of a defamation lawsuit settlement, the Journal reported. That case, involving host George Stephanopoulos, was settled in December 2024. Trump will also use the $25 million he secured in January from Meta, following a separate lawsuit against the company for suspending his Facebook and Instagram accounts after the Jan. 6 Capitol riot, according to the newspaper. Additional funding is expected to come from a nonprofit launched by his son, Eric Trump, and Michael Boulos, husband of Trump's youngest daughter, Tiffany. The project will also be supplemented by what the Journal described as 'leftover' inauguration funds. Trump didn't seriously pursue a library at the end of his first term, as he was convinced his presidential career wasn't over and instead immediately began plotting a return to the White House. The move to now formally pursue a library suggests he may finally be giving up on the idea of somehow skirting the Constitution to run for a third term, despite weeks of teasing the possibility. In an effort to make the library a major draw, Trump is hoping to showcase the $400 million luxury jet gifted to him by Qatar as a centerpiece exhibit, according to the Journal. The idea appears be lifted from the Ronald Reagan Presidential Library in Simi Valley, California, where Reagan's retired Air Force One is on display. 'The president wants something more akin to what Reagan has,' Felix Lasarte, an attorney for the Trump Organization scouting library locations across Florida, told the Journal. FAU's campus in Boca Raton is said to be the main target for the library due to its proximity to Trump's Mar-a-Lago resort. The White House and FAU did not immediately respond to the Daily Beast's request for comment.
The Independent
2 days ago
- Business
- The Independent
Potential location of Trump's presidential library revealed in new report
President Donald Trump is considering the Florida Atlantic University (FAU) campus in Boca Raton as the site for his forthcoming presidential library, according to a new report. The president and his advisers have chosen the site due to its proximity to his Mar-a-Lago residence in Palm Beach, and negotiations between Trump's lawyers and the FAU over a 100-year lease at no cost are said to be currently ongoing, The Wall Street Journal reports. Trump's team is meanwhile planning a campaign to raise hundreds of millions of dollars for the project's construction. Eric Trump, his wife Lara Trump, and the president's son-in-law, Michael Boulos, married to Tiffany Trump, are reportedly leading the cash drive and have already established a non-profit to support the library. Tens of millions of dollars in leftover inauguration funds, as well as more than $37 million recouped from lawsuits involving ABC News and Meta Platforms, will be allocated towards bankrolling the project, the Journal reports. Private donations from wealthy individuals and businesses are also likely to play a significant role. The newspaper adds that Trump is hoping to install the controversial $400m luxury jet he was gifted by Qatar at the site as a tourist attraction once its years of service are over, taking inspiration from the housing of Ronald Reagan 's decommissioned Air Force One at the Reagan Presidential Library in Simi Valley, California. 'He redefined the presidency, so there is no question in my mind he will redefine the post-presidency, including what a modern presidential library looks like,' said historian Mark Updegrove, chief executive of the LBJ Foundation, looking ahead to Trump's library. The president could have pressed ahead with the construction of a library honoring his legacy at the conclusion of his first term in 2021, but decided against it after concluding it would signal the end of his political ambitions. At the time, Trump was dreaming of mounting the spectacular comeback that few believed possible in the aftermath of the Capitol riot, but which duly came to pass. Now, he is turning his attention towards building a 'MAGA Mecca' to cement his legacy, which will host events and house memorabilia from his time in the White House, as well as official documents from his tenure pending negotiations with the National Archives and Records Administration. The first American presidential library was opened by Franklin D Roosevelt in 1939, and there are currently 16, with Barack Obama 's in Chicago due to open to the public next year.
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Trump Wants His Presidential Library Set in Florida, Enticed by Free Land
Donald Trump is considering the campus of Florida Atlantic University for a presidential library, on a site where he has been offered free land, as planning begins for the MAGA mecca he eschewed during his first term. Trump and his advisers are planning a campaign to raise hundreds of millions of dollars for a library fund. One of the president's sons, Eric Trump, and one of his sons-in-law, Michael Boulos, recently established a nonprofit to support the library. More than $37 million from lawsuits involving ABC News and Meta Platforms, as well as tens of millions of leftover inauguration funds, are expected to fund construction of the complex, along with donors. Trump envisions turning a $400 million Boeing 747 jet—a gift from Qatar—into a tourist attraction at the library.
New York Times
23-05-2025
- Business
- New York Times
Eric Trump Starts Nonprofit to Build His Father's Presidential Library
President Trump's son Eric and son-in-law Michael Boulos have founded a new nonprofit to raise money for Mr. Trump's presidential library, according to incorporation papers filed Friday in Florida. The nonprofit, called the Donald J. Trump Presidential Library Foundation, is intended to 'steward, preserve, and celebrate the legacy and historical record of President Donald J. Trump and his presidency,' the filing said. It was signed on May 19, but filed on Friday. In the filing, the foundation said it intends to operate as a tax-exempt nonprofit, like the foundations set up to build libraries for other recent presidents. The Internal Revenue Service must grant tax-exempt status, however, and the approval process can take weeks or months. The foundation's trustees include Eric Trump, Mr. Boulos — who is married to Mr. Trump's daughter Tiffany — and James Kiley, a Long Island attorney who has represented Mr. Trump in New York. The president has not said where he intends to locate his library, but his team has reportedly scouted universities in Florida. The foundation's address, at least for now, is at a Trump golf course in Jupiter, Fla. This is the second nonprofit set up in Florida to raise money for Mr. Trump's presidential library. The first, the Donald J. Trump Presidential Library Fund, was incorporated in late December. It is still listed as active by the state of Florida, but it has not been granted tax exemption by the I.R.S. Mr. Kiley did not immediately respond to an email asking why there were two. Though Mr. Trump's library nonprofit is new, it may soon have millions in the bank. ABC News and Meta agreed to make a total of $37 million in donations to Mr. Trump's library, to settle lawsuits that Mr. Trump filed against them before he was re-elected. In ABC News's case, the legal settlement indicates that the money will held in escrow until Mr. Trump's group is granted tax exemption by the I.R.S. A spokesman for Meta declined to say if its settlement has a similar provision. In recent weeks, Mr. Trump has also said he would like the 747 aircraft that Qatar donated to serve as Air Force One to be turned over to his library after he leaves office. There is a precedent for that: Ronald Reagan's presidential library includes an old Air Force One as an exhibit for tourists to visit.
Al Bawaba
12-05-2025
- Politics
- Al Bawaba
Qatar gifts Trump Boeing 747-8i Jet ahead of Mideast tour
Published May 12th, 2025 - 04:33 GMT Trump defended the gesture, framing it as a token of appreciation from Gulf allies for America's role in ensuring regional security. ALBAWABA- As U.S. President Donald Trump embarked today on a high-profile Middle East tour, including stops in Saudi Arabia, Qatar, and the UAE, controversy erupted over a luxury Boeing 747-8i reportedly gifted to the U.S. by the Qatari royal family. Also Read Trump to visit KSA, UAE, and Qatar from May 13-16 During a press briefing in the White House's Roosevelt Room, an ABC News reporter questioned whether the aircraft, formerly used by Qatar's royals, was a personal gift to Trump. 'What do you say to people who view that luxury jet as a personal gift to you? Why not leave it behind?' the reporter asked. Trump responded sharply, calling the outlet 'ABC Fake News' and dismissing the concern: 'They're giving us a free jet. I could say no, no, no, don't give us… I want to pay you $1 billion or $400 million, or I could say thank you very much,' he said. 'The Qatari plane will go to the Trump Library, and I won't use it after the presidency.' According to ABC News sources, the aircraft will be made available for presidential use, possibly serving as an alternative to Air Force One during Trump's term. Later, it may be transferred to the Trump Presidential Library Foundation, raising concerns over potential personal benefit. Also Read Trump says Netanyahu 'Manipulated' him, cuts all contact Trump defended the gesture, framing it as a token of appreciation from Gulf allies for America's role in ensuring regional security. 'What Saudi Arabia, the UAE, and Qatar are offering the United States is a gesture of appreciation,' he stated. The controversy comes as Trump begins his regional visit, with plans to meet leaders in Riyadh, Doha, and Abu Dhabi. He also hinted at a possible surprise trip to Turkey on Thursday to attend a summit between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky, their first face-to-face meeting since war broke out in April 2022. The move signals growing hopes for a potential ceasefire. © 2000 - 2025 Al Bawaba (
