Friday, 27 December 2024

Vivek Ramaswamy Criticizes Lease Agreement That Pays Foreign Government To House Illegal Immigrants In American Hotel, “This Is Nuts”

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Former presidential candidate Vivek Ramaswamy criticized a controversial lease agreement where a foreign government owns an iconic New York City hotel and receives $220 million to house illegal immigrants.

“The city of New York pays $220 million to rent the entire Roosevelt Hotel in Manhattan to house illegal migrants. The hotel is owned by the government of Pakistan, and the deal was part of a $1.1 billion IMF bailout package to help Pakistan avoid defaulting on their international debt,” said author and investment banker John LeFevre.

“Prior to this sweetheart deal, the hotel had been closed since 2020, having long-struggled with occupancy and in dire need of renovation,” he added.

“A taxpayer-funded hotel for illegal migrants is owned by the Pakistani government which means NYC taxpayers are effectively paying a foreign government to house illegals in our own country,” Ramaswamy commented.

“This is nuts,” he added.

From The Economic Times:

Pakistan has leased out its iconic Roosevelt Hotel in New York to the New York City Administration for three years, the cash-strapped government has announced, in a deal that will enable the country to earn up to USD 220 million. The Roosevelt Hotel, named after former US President Theodore Roosevelt, has been a prominent landmark in Manhattan, New York since 1924.

State-run Pakistan International Airlines (PIA) leased this prime property in 1979 and eventually purchased it two decades later.

Under the contract, the New York City administration will operate for three years, providing residential facilities to migrants.

“The lease agreement is expected to generate revenues to the tune of around USD 220 million for the Pakistan government,” Minister of Railways and Aviation Khawaja Saad Rafique announced during a press conference here on Monday.

“A contract was signed for 1,250 rooms. The hotel will be returned to the government of Pakistan once the three-year term lease expires,” he was quoted as saying by Geo TV.

“New York City is paying $220 million to lease the Roosevelt Hotel, owned by Pakistan’s government, to house migrants. This sends millions of U.S. taxpayer dollars to a country under sanctions for advancing its missile and nuclear weapons programs,” Mario Nawfal wrote.

“Despite sanctions targeting Pakistan’s ballistic missile supply chains, this deal props up its state-owned enterprise, helping it secure a $1.1 billion IMF bailout,” he added.

Elon Musk also commented on the revelations.

Per Geo News:

Under the agreement, one-year business was guaranteed. However, he hoped the hotel business would continue for all three years.

He said there were several issues involved in the Roosevelt case like the hotel was at risk of being declared a landmark after which the building could not be altered.

However, now the danger had subsided for at least three years. The minister said that earlier, the hotel had been closed since the COVID-19 period, and an amount of $25 million was being spent on the closed building and $20 million were pending as liability.

He said that 479 employees were working in the hotel, which was a big number, and it was difficult for the hotel to terminate them from jobs due to US labour laws.

However, now after the agreement, this number would be decreased to 77 at the end of the contract period. He thanked the New York City government for its cooperation.


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