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WPCNR MAIN STREET JOURNAL. By John F. Bailey. August 16, 2004: “SuperDealer” Donald Trump rolled into White Plains in his black limousine in a downpour Monday morning, to appear with his Superpal “SuperDeveloper” Louis Cappelli to celebrate the “Topping Off” of Mr. Trump’s 35-story, 221-residence Trump Tower at City Center. A giant flag was unfurled at the top of the tower and red, white, and blue streamers were launched by paper cannons into the rain from the summit.

SUPERDEALER, SUPERDEVELOPER AND SUPERMAYOR: Donald Trump, left, Louis Cappelli, second from left, and Mayor Joseph Delfino pull the lever to raise the flag on Trump Tower at City Center. Behind the Mayor, partially hidden is County Executive Andy Spano. Third from left is State Senator, Nicholas Spano. Photo, Courtesy Compelli Enterprises.

TRUMP TOWER AT CITY CENTER TOPPING OFF TODAY: 35 Stories, 212 luxury condominiums. Mr. Cappelli saluted the building trades who Cappelli said put up the Trump Tower at a rate of three floors a week. Mr. Cappelli said this would enable to close in the building by November with occupancy expected in the summer of 2005. Photo by WPCNR News

GOIN UP: Renaissance Square on Main Street, hotel-condominum-office complex will rise on this site. It will include a 6-story, 175-room luxury hotel with two residential towers with 290 luxury apartments. The towers will soar 350 feet skyward. A 28-story Office Building is planned on the Hamilton Avenue side. Mr. Cappelli has not named a hotelier yet. Photo by WPCNR News.
Next, the two titans of triumph joined for a symbolic beginning of demolition of
Mr. Cappelli also announced he had completed financing of $250 Million for the first phase of the hotel-condoplex on

MOB SCENE AT ZANARO’S: Afterwards SuperDealer and SuperDeveloper trooped into Zanaro’s where observers said Mr. Trump was “mobbed.” A who’s who of city, county and state officials milled about Zanaro’s for a Topping off and Tearing Down party, where Mr. Cappelli told WPCNR he has secured financing for Phase 1 of the 221 Cappeli Hotel, with financing for the office building portion of the project to come later. Photo by WPCNR News


Cappelli announces he has his $250 Million in Financing for Renaissance Square.
Mr. Cappelli, speaking to WPCNR said that the Bank of
The SuperDeveloper continued, “They have brought The Bank of

RENAISSANCE SQUARE HOTEL as depicted in June on the night the Renaissance Squre Hotel was approved by the Common Council. Photo Capture from Public Access Television Channel 75 by WPCNR News
The office building which Cappelli proposes to build after the hotel is completed, he expects will require $75 Million in additional financing for a total cost of the Main Street megaplex estimated to be $325 Million. Participating in the $275 Million bankrolling, Cappelli said are Union State Bank, Bank of Scotland, CIBC (of Canada), Union Labor Life Insurance, according to Mr. Cappelli:
“All of the banks that I had on
Cappelli said he hoped to have a partial tenant for the office building.
Cappelli said he was getting great interest rates “since interest rates are low anyway,” and he negotiated the financing himself. “The banks have been with me so long, we have a relationship.”
Asked about the kind of hotel he was planning, Cappelli said, “I think the hotel is going to be mostly a business for the transient I think. It’s a business hotel for the most part.”
WPCNR asked if he would make it a casino. Cappelli said, “There’s no gambling coming to
Cappelli Enthusiastic About Continuing in White Plains.
Asked if he had a statement for the people of White Plains, Mr. Cappelli said, “I love what I do. I love working in the City of White Plains. I’m just going to continue doing what I do for as long as I can do it. Hopefully everybody will get a lot of enjoyment out of what I do — what we all do — what we’ve pulled together to do. It’s specatcular thing that we’ve all accomplished here — putting together City Center and now Renaissance Square.”

A GREAT DAY FOR WHITE PLAINS: Councilman Benjamin Boykin, left, and Mayor Joseph Delfino working the crowd at Zanaro’s. Photo by WPCNR News.
An ebullient Mayor Joseph Delfino of
The Mayor was honored by Mr. Trump’s coming into White Plains and putting his money down: “As far as
Convention Center. Probably not.
Asked if the new hotel would be a convention center, the Mayor said that was not his understanding, “The latest we talked to him (Cappelli) about, it’s not a convention center. We’re still talking about meeting space, which is very very important, but not a convention center as such. So we hope it’s somewhere between. I have not sat down with him (Cappelli) and gotten final details. Obviously he (Cappelli) hasn’t pulled the whole package together yet.”
Asked if there was any possibility it could be a casino, the Mayor laughed, and said, “I can assure that he won’t have a video game in there.”
Councilman Benjamin Boykin commenting as lunchers holding wine glasses, eating pasta, and munching canolis milled about in the convivial hubbub of Zanero’s, said “I think this has been a wonderful day in

Asked if the Assembly and the State Senate were using casino gambling as a tradeoff with Governor Pataki for the Governor’s signing the budget, Bradley said, “I don’t think that’s at all part of the tradeoff. We have a bigger issue in the immediate session. That’s probably the slots (machines) which is a different issue than casino gambling. The court decision said the way the funding for slots was done wasn’t constitutional, and we had to change it and that hasn’t occurred yet.”
Asked where casino gambling stood as of this moment, Bradley said, “That (legalization) hasn’t really come up. It was not a part of this budget. At this point it’s hard to say (when it would come up) because you have a lot of different views. I don’t think there’s a consensus on casino gambling. Until there is, I think it will be difficult to accomplish.”
Bradley was asked what he expected Governor George Pataki would do with the State budget that is now on the Governor’s Desk. “We’ve passed the budget and it’s now before the governor and I’m hopeful the Governor will sign the budget in full. He’s indicated there are things he wants to veto. But, the increase from the Executive Buget this year was 1%. We had a $100 Billion Dollar Executive Budget, and we have a $101 Billion Budget this year. The increases were to save programs like TAP, Tuition Assistance Program, to fund education properly, which we did by increasing education funding 5%, and health care. So I’m not sure where he (Pataki) intends to cut because we really didn’t submit a budget that was filled with a lot of pork this year. It’s a real serious budget that hopefully the governor will sign.”

