Terrible Idea: Trump Eyes Stuy Town


Can Donald Trump handle Stuy Town?

The real estate mogul, known for his glitzy towers, is mulling a bid for Stuyvesant Town and Peter Cooper Village, the sprawling New York City apartment complexes that were seized by creditors last week.

"People have asked us if we would get involved in running it or buying it," Trump told the New York Post. "We are looking at it right now very seriously."

The prior owners, led by Tishman Speyer, had paid $5.4 billion to buy the 11,000-unit complex - that's about half a million per apartment. But their plan to hike up the rents was killed by New York's tough rent stabilization laws.

What is the Donald thinking?