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Saturday, January 30, 2010
Ivanka Trump to Manage Stuy Town and Peter Cooper Village
Stuy Town Reporter has received word through his sources that The Donald (Donald Trump) is set to buy Stuyvesant Town and Peter Cooper Village sometime in February. The deal is close to being signed and may even happen in the next few days, with the official announcement coming a week or two thereafter. Not only is the prospect of buying the mega property appealing to The Donald's ego and his appetite for grandeur and controversy, but he is fueled by a hitherto undisclosed rivalry with Jerry and Rob Speyer, who let go of management of the property this week after acquiring it, with heavy investment, in 2006 for 5.4 billion dollars. "Trump despises the Speyers," said one source, "and thinks he can turn around Stuyvesant Town and Peter Cooper Village and make the property profitable." The kicker is that Trump has said that he wants to place daughter Ivanka in the position of managing the complex. Speaking of Jerry Speyer's son, who was in charge of Stuy Town/Peter Cooper Village, Trump stated: "Rob did a lousy job with Stuyvesant Town, and Ivanka can do so much better. She's a good kid with great instincts and, of course, has a superb background to make this property a shinning beacon in the city--and the world."
Apparently Ivanka has already checked out the property and is eager to reinvent the current four Oval Essentials to Oval Salon, Oval Chocolate, Oval Fashion and Oval Jewelry. Our sources also tell us that chances are good that the entire complex will be renamed Trump Town, and that the far-sighted Donald is even considering building a lavish casino on the property should the city legalize gambling in the future.