White House-Pakistan deal to redevelop NYC’s Roosevelt Hotel raises more questions than answers
Entertainment
In a startling Thursday announcement, the Trump administration signed an agreement with Pakistan’s government to “jointly redevelop” the Pakistan-owned Roosevelt Hotel on Madison Avenue — a vacant eyesore worth at least $1 billion for its development potential, according to real estate analysts. The shuttered, 22-story hotel between East 44th and 45th streets closed during the pandemic. Former Mayor Eric Adams filled it with 1,000 migrants until last June under a leasing agreement with Pakistan
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