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Who is paying for Trump’s $250M ballroom makeover?

Who is paying for Trump’s $250M ballroom makeover?

In July, President Trump revealed plans to establish the White House Ballroom, which marks a significant renovation for what’s referred to as the “People’s House.” This initiative is expected to involve an investment of $250 million to facilitate large state banquets and various events, addressing the current limitations posed by inadequate space. Presently, some sizable gatherings are being held in temporary setups outside the White House.

Demolition on the site commenced recently to prepare for a new banquet hall, although it lacks the green light from the National Capital Planning Commission.

The White House announced that Clark Construction is tasked with the building, using designs from McCreary Architects. The extended ballroom will be adjacent to the East Room, accommodating up to 650 guests, although Trump mentioned a capacity for “999 people” during recent comments.

Interestingly, this project is being funded solely by private donations rather than taxpayer money. Trump has suggested he will use some of his personal wealth—reportedly valued at around $7.1 billion from his real estate ventures—to support the ballroom’s funding.

Trump expressed pride in being the first president to bring this idea to fruition, stating, “For more than 150 years, every president has dreamed of having a ballroom in the White House.” His note on Truth Social emphasized that this project would be beneficial for future generations.

The specific amount of his contribution hasn’t been disclosed yet, and inquiries have been made to the White House for clarification.

Lockheed Martin

Among the notable donors is Lockheed Martin, which is contributing over $10 million to the ballroom’s development. The company has expressed gratitude for the chance to help realize Trump’s vision.

Booz Allen Hamilton

Additionally, consulting firm Booz Allen Hamilton is also involved in financing the ballroom project. Recently, lawmakers gathered for a donor-only dinner at the potential venue, according to an invitation list acquired.

Stephen A. Schwarzman

CEO Stephen A. Schwarzman from Blackstone is anticipated to contribute to the ballroom as well. The ballroom is expected to be distinct from the main White House structure.

Trump’s YouTube Lawsuit Settled

In a related development, Trump recently settled with YouTube for $24.5 million, concluding a four-year dispute over the deletion of his account following the Capitol riot in 2021. Of this settlement, $22 million is earmarked for the ballroom project.

Google

Google, the parent company of YouTube, has pledged an additional $5 million for the ballroom initiative. Executives from the company attended a recent White House dinner focused on this effort.

Notably, companies involved have until 2027 to fulfill their commitments either in full or through installments.

Alphabet

Alphabet, also a contributor to the project, has not disclosed its donation amount. Recently, their CEO had a dinner meeting at the White House with Trump.

Additionally, notable companies including Microsoft, Amazon, Meta, Apple, and others are being considered as potential donors, as indicated by notes from a recent donor dinner. Carrier Global Corp. has committed to providing HVAC systems for the new ballroom.

The White House has stated that contributors could receive recognition associated with the ballroom. Chief of Staff Susie Wiles highlighted Trump’s dedication to both construction and preserving the White House’s historic significance, aiming to create a banquet hall that future administrations and generations can appreciate.

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