President Trump announced plans to build a ballroom in July, marking the first major renovation of the White HouseThe structure is known as“People’s House” over the decades.
This description on Real Estate was moved down>>chairmanWho acquired their wealth through real estate venturesThe project is planned to cost $250 million,what he says will happen in an effort toreduce the burden of big state dinners andother eventsprestigious hostingIts capacity is limited due to available space. Some large events are held in temporary structures outside the White House.
sitesabotageDespite the lack of approval from the National Capital Planning Commission, making space for the ballroom began on Monday.According to NPR,
the president hashired outThe White House said that Clark Construction will build the new ballroom with design renderings from McCrary Architects.
The new ballroom set to be developed as an extension of the East Room is expected to seat 650 people.On Monday, Trump said it could hold “999” people.<
Needless to say this is doable – just keep it straight>>the project isespeciallyis being funded entirely by private donors rather than taxpayer dollars, according towhite House,
Here’s what you need to know about who is financing the new space:
Trump’s share
Trump has committed to using some of his personal wealth acquired and valued through real estate ventures $7.1 billionTo finance the new place.
“For over 150 years, every President has dreamed of having a ballroom at the White House to accommodate people for grand parties, state visits, etc. I am honored to be the first President to embark on this much-needed project with zero cost to the American taxpayer!” trumpwroteMonday on Truth Social.
“The White House Ballroom is being privately funded by many generous patriots, great American companies, and yours truly. This ballroom will be happily used for generations to come!” He added.
The amount of Trump’s contribution has not been revealed yet. The Hill contacted the White House for comment.
Lockheed Martin
To date, aerospace and defense company Lockheed Martin has been highlighted as one of the largest donors to the project. A source told cbs The company has pledged more than $10 million toward progress on the ballroom.
“Lockheed Martin is grateful for the opportunity to help bring the President’s vision to reality and embed it in the People’s House, a powerful symbol of the American ideals we work every day to defend,” the company said in a statement to The Hill.
booz allen hamilton
Management consulting firm Booz Allen Hamilton has initial plans to finance the 90,000-square-foot ballroom project.
delegates attended dinner The ballroom at the White House hosted an exclusive for donors last Wednesday, according to a guest list obtained by The Hill.
The company did not immediately respond to The Hill’s requests for comment.
Blackstone CEO Stephen A. schwarzman
Schwarzman is expected to contribute to the ballroom, which the White House has said will be separated from the main White House building. The CEO attended a Wednesday dinner for donors at the White House last week.
Trump’s case against YouTube settled
last month,youtube agreed to payThe president received $24.5 million at the conclusion of a four-year legal battle with the leader regarding the deletion of his account following the 2021 Capitol riot.
AsettlementThe lawsuit, filed in the U.S. District Court in Northern California, says the $22 million in funds awarded to Trump will be used to aid in the development of the White House Ballroom project.
Google, which owns YouTube, has committed at least $5 million or more in funding to the White House Ballroom project. The company, along with other potential donors, has been offered a pledge agreement for “the Donald J. Trump Ballroom at the White House,” CBS reports.
Google did not immediately respond to The Hill’s request for comment on the matter. However, the officials were seen at Wednesday’s White House dinner.
CBS reported that companies are being asked to contribute a lump sum or pay in three installments to be completed by 2027.
alphabet
Google’s parent company Alphabet is also listed as a separate donor to the project. Its contribution amount has not been revealed yet. Alphabet CEO Sundar Pichai spoke directly to Trump during a White House dinner for tech executives last month, according to a White House pool report.
The President congratulated the Executive for securing a favorable decision after the Justice Department ruled against Market Cap following allegations that the holding company engaged in a monopoly.
rulingThis was announced before YouTube’s agreement with Trump.
According to a guest memo from Wednesday’s dinner obtained by The Hill, Microsoft, Amazon, Meta, Meta Platform, Apple, Coinbase, Comcast, T-Mobile, The Adelson Family Foundation and crypto investors Tyler and Cameron Winklevoss are also listed as potential donors to the project.
Carrier Global Corp. also offered to provide the heating, ventilation and air conditioning system for the ballroom.
“Carrier is honored to provide the new iconic ballroom at the White House with a world-class, energy-efficient HVAC system that will provide distinguished guests and dignitaries with comfort in this historic setting for years to come,” the company told The Associated Press on Monday.
The White House has stated that contributors are eligible for “recognition associated with the White House Ballroom.”
White House Chief of Staff Susie Wills said, “President Trump is a maker at heart and has an extraordinary eye for detail.”
“The President and the Trump White House are fully committed to working with the appropriate organizations to preserve the special history of the White House while creating a beautiful ballroom that can be enjoyed by future administrations and future generations of Americans.”
