The Kushner and Trump families have both been in New York real estate for decades.
But until relatively recently, they didn’t work together on large projects.
That appears to be changing with a new Jeresy Shore development led by the Kushners, which the New York Times is reporting will have at least one hotel managed by the Trumps. According to the Times, there is a signed letter of intent.
“The long-running talks blur the line between family, business and politics in ways that lack precedent: Both Mr. Trump and Mr. Kushner, the president’s senior adviser and son-in-law, retain financial interests in their family businesses,” the Times writes. “The Trump Organization’s outside ethics adviser has raised questions about a potential deal—one reason the two-year-long discussions have not been completed.”
The report quotes an ethics advisor who points out that this conflict of interest may be the reason Trump hasn’t pushed his son-in-law out of the White House, despite Kushner losing his top-secret security clearance and reports that other nations were looking to exploit his massive debt load in negotiations.
“The concern is that the president might not want to do anything that would upset the Kushner family agreement to do business with his company,” said the ethics advisor.
The story goes on to detail all the places the Kushners have borrowed money and to discuss the rarely used emoluments clause of the Constitution.