New York City Cancels Contracts With Trump Organization Worth $17 Million Per Year

New York City Mayor Bill de Blasio announced Wednesday morning that it will be cancelling contracts with  Trump businesses, a move that will cost the business $17 million a year.

This is the latest consequence the president and Trump Organization is facing because of last week’s attack on the U.S. Capitol.

De Blasio said in MSNBC’s Morning Joe that the city is pulling all of its contracts with the Trump Organization. This covers hundreds of businesses owned by Trump, a Queens native.

“New York City has severed all ties with the Trump organization due to criminal activity,” said de Blasio.

Trump has contracts to run two ice-skating rinks in Central Park, the Central Park Carousel, and a golf course in the Bronx.

De Blasio said it could take a month or so to terminate the contracts, which are worth $17 million a year.

“Inciting an insurrection against the U.S. government clearly constitutes criminal activity,” said de Blasio. “The city of New York will no longer have anything to do with the Trump Organization.”

New York City holds some of the president’s oldest businesses, which he created when he was still making a name for himself as a real estate developer.

The Trump Organization has not yet issued a comment on the news.