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The judge ruled that the evidence was uncontested that Trump Tower, operating as 401 N. Wabash, is liable on all remaining counts brought by Friends of the Chicago River, the Sierra Club, Illinois Chapter, and the State of Illinois in this long-running litigation. Coordinates: 41°53′20″N 87°37′35″W. The Trump International Hotel and Tower is a skyscraper condo-hotel in downtown Chicago, Illinois. The building, named for Donald Trump, was designed by architect Adrian Smith of Skidmore, Owings and Merrill. Kaegi hits Trump Tower with big tax increase a year after slashing its taxes. The Cook County assessor says the value of the downtown skyscraper’s mostly vacant retail space is 68% higher than ... Former President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by ProPublica and The New York... Chicago’s assessor says the retail portion of Trump International Hotel & Tower is worth 68 percent more than last year, pointing toward a big tax hike. Trump allegedly “used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by ProPublica and The New York Times. Losing a years-long audit battle over the claim could mean a tax bill of more than $100 million,” ProPublica and The New York Times reported. Meanwhile, the hotel’s occupancy in 2023 declined 6.6% and its average daily rate fell by 13.8%, the filing said. The hotel argues that it’s 2023 market value should be assessed at $26.2... Trump's Chicago tower got a $300,000 tax break because of its vacant retail space. The assessed value of the building's retail space dropped about 37%, The Chicago Sun-Times reported. Could Trump Lose Trump Tower Chicago? On paper, he owes more than $50 million to his own LLC affiliated with the building. It’ll take a court to crack open the reason why, but that could...

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