Only Donald Trump can strike out three times and still collect $500 million.
The developer yesterday lost his third attempt in court to block a deal in which his backers in Trump’s River South condo complex want to wrap up their $1.76 billion sale of the West Side property.
Although Trump’s share is 30 percent – more than $500 million – he claimed the partners could have sold it for twice the $1.76 billion price, and he wanted to scuttle the sale.
The proceeds will now be free to roll over into buying the Bank of America skyscraper in San Francisco for $1.05 billion, to avoid taxes on the gains. Trump will also be a 30-percent partner in the landmark skyscraper.
Trump was trying to block the reinvestment in the BofA building and run out the clock on the tax break for the partners.