Posted on 01/12/2018 11:58:48 PM PST by Oshkalaboomboom
President Donald Trump's claim that the US Embassy in London was ‘sold for peanuts’ appears to have been vindicated after documents reveal that it went for just £315m ($431m) - far below the £500 million ($687 million) experts estimated.
When it was sold five years ago property experts said that the market value of the deal was £500m ($680m) and it was thought that this was the sum achieved.
The President claimed just before midnight on Thursday in Washington D..C. on Twitter that the reason he cancelled his trip to London to open the new embassy is because 'the Obama Administration sold perhaps the best located and finest embassy in London for "peanuts," only to build a new one in an off location for 1.2 billion dollars. Bad deal.'
The daily Mail had first revealed that he was not going, a few hours earlier.
Now official Land Registry records reviewed by MailOnline reveal that the 999-year lease of the land was actually sold for almost £200m ($274 million) less than expected.
The documents also show that the deal was finalized under Barack Obama's administration, although it was the Bush White House which had started the move and sale. It is unknown if the amount had been settled before Obama came to power.
(Excerpt) Read more at dailymail.co.uk ...
One wonders how much kickback was given under the table to Odumbo and Clinton by the buyers for the cheap sale?
Putting it in perspective, Trump the Developer wants to buy a property for his business and is told that he can't tear it down, cannot expand it, cannot remodel the interior without permission of the local government commission. Would Trump the Developer pay a premium for it knowing his ability to make money off it could be limited?
Who in their right mind would make that a Historical Site? That thing is an ugly semi brutalist architectural mess and security nightmare.
It needed to be razed and rebuilt or barring that find a new site and build a new one. Which is what they did.
Isn’t the embassy considered US territory? If so, then host country planning commissions would have no say.
our stupid govt sells the place on the cheap and instead could have kept it while building new embassy and turned old one into hotel to accommodate USA visitors -kinda like park fees in the USA - it could have helped toward cost of new build, anything but to lose money on the sale and have cost of new. stupid obama etc to continue the deal to that end.
How do you break a 999-year lease?
Now others may investigate the truth of it.
all one needs to know about gov’t competence can be learned visiting the DMV
heard from Breitbart London Reporter Kassam that other London properties were sold to pay for it.
http://www.breitbart.com/london/2018/01/12/kassam-blasts-sky-news-sadiq-khans-london-shithole/
No. The physical property of the U.S. embassy in London is British territory. If a foreign national would happen to give birth in the London embassy, the child would not be a U.S. citizen. That's true of embassies in London and Washington and just about every other foreign country. What governs the special privileges each embassy enjoys and which keeps host countries from entering a foreign embassy without permission is the Vienna Convention on Diplomatic Relations, which has been ratified by every country in the world except South Sudan.
It is considered "a modernist classic and architectural gem." Go figure. Beauty is in the eye of the beholder I guess.
This is the general vicinity in which the new U.S. embassy will be located. For those who know New York City, it would probably be the equivalent of a powerful nation building their embassy adjacent to the Ravenswood Generating Plant in Queens (just across the river near the 59th St Queensboro Bridge).
Below is the London location and below that is the power plant in NYC.
the one thing I have learned about the bush family is that they are just as corrupt as the Clinton family. the only difference is that as a family they have been at it serval generations and are more adept at hiding there crimes. I would not be surprised if we learned that agents and business friends of the bush family benefited from this deal.
Follow the money, and no doubt the trail will lead to a kick back to the Clinton Foundation.
who bought the old embassy and what is their relationship to the Obama/DNC power structure?? Who got the deal??
Easy fo find out if it was Obama’s or Bush, look at the date of the contract and find out who signed it.
Why didn’t we demo the old building and rebuild at the same location?
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