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Real estate developer Donald Trump will announce a $10 million deal with the developer of the Trump Tower in Manhattan, a person familiar with the matter said on Monday.
The person, who spoke on condition of anonymity, said the announcement is expected in coming days.
The developer is not named in the announcement, but it will likely be a developer affiliated with Trump.
The deal would mark a major change for the developer, who has struggled to find financing to build and operate the landmark skyscraper in Manhattan.
The developer has been unable to secure financing from other investors, the person said, speaking on condition that the person not be named.
The Trump Organization declined to comment.
The announcement comes as the U.S. government and some state and local governments are considering imposing new restrictions on development in the building, which has been the focus of protests in recent weeks over the impact it could have on climate change.
A spokeswoman for the Trump Organization did not immediately respond to a request for comment.
Trump built the building in the late 1960s as a way to create an office for his family.
He said the tower’s original purpose was to serve as a residence and the building now serves that purpose.