|Published:||Nov 04, 2010 8:45 PM EDT|
|Updated:||Nov 04, 2010 5:45 PM EDT|
FORT LAUDERDALE, Fla. (AP) - Donald Trump says he is no longer involved with a Fort Lauderdale condo-hotel tower that was to bear his name and is now caught up in a legal dispute.
The tower is facing foreclosure. It was to be called the Trump International Hotel & Tower.
The South Florida Sun Sentinel reports Thursday the business mogul says he terminated the licensing deal a while ago and is not involved with the foreclosure.
More than 100 people put deposits on condos. Most of them are now suing to get their deposits back or place liens on the project. Some lawsuits name Trump personally.
The bank that made the initial building loan failed last year. The new loan-holder group is Corus Construction Venture. It filed for foreclosure against the developers, SB Hotel Associates.
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