President-elect Donald Trump will add two more businessmen to his Washington, D.C. inner circle, picking fellow New York developers Richard LeFrak and Steven Roth to help oversee his infrastructure spending plan.
“They’re pros,” the incoming leader said about the two men, speaking to the Wall Street Journal. “That’s what they do. All their lives, they build. They build under-budget, ahead of schedule.”
LeFrak, who has a network upward of $6 billion and whose family company has one of the largest rent-rolls in New York City, gave $100,000 to the Trump campaign. He has been on familiar terms with the president-elect for three decades, and is a member of his Mar-a-Lago club in Florida.
Roth, who’s said to be worth around $1 billion, co-owns two properties with the president-elect, 1290 Sixth Avenue in New York and 555 California Street in San Francisco.
Trump’s infrastructure plan would create public-private partnerships to build new roads, bridges and airports, giving developers tax credits and equity stakes worth $167 billion in the hope of stimulating $1 trillion in spending from the private sector.
This story "Trump Looks to Jewish Real Estate Magnates LeFrak and Roth for Help on Infrastructure" was written by Daniel J. Solomon.