Sep 9, 2010 4:44 PM by Melissa Canone

Trump Offering to Buy out Investors for Proposed Mosque Near Ground Zero

NEW YORK (AP) - Donald Trump is offering to buy out one of the
major investors in the real estate partnership that controls the
site near ground zero where a Muslim group wants to build a
13-story Islamic center and mosque.
In a letter released Thursday by Trump's publicist, the real
estate investor tells Hisham Elzanaty he would buy his stake in the
lower Manhattan building for 25 percent more than whatever he paid.
Trump says he's making the offer not because he thinks the
location is spectacular but because it would end "a very serious,
inflammatory, and highly divisive situation."
It's unclear whether Elzanaty has total control over the
property, which is owned by an eight-member investment group
managed by Soho Properties.


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