No Result
View All Result
  • Login
Thursday, June 25, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

Billionaire Trump supporter blocks sale of Texas warehouse for use as ICE jail

by theadvisertimes.com
4 months ago
in Business
Reading Time: 2 mins read
A A
0
Billionaire Trump supporter blocks sale of Texas warehouse for use as ICE jail
Share on FacebookShare on TwitterShare on LInkedIn



Rumors of an ICE detention center in a town in Texas have prompted a declarative response from a billionaire Trump supporter. The centers have been compared to concentration camps.

As rumors swirled that ICE was eyeing warehouse properties with the aim of creating new detention facilities—an expansion of the now-defunct “Alligator Alcatraz” or the camps that separated immigrant families during President Donald Trump’s first term—billionaire Edward Roski Jr. stood firm. 

Yes, the Department of Homeland Security had approached his company, Majestic Realty, to sell a 1-million-square-foot facility that could hold up to 9,500 beds, Roski confirmed. But no, this deal was not going to happen—and nor will any deal like it at his company. 

“Majestic Realty Co. has not and will not enter into any agreement for the purchase or lease of any building to the Department of Homeland Security for use as a detention facility,” the company said, adding that they “look forward to continuing our work to find a buyer or lease tenant that will help drive economic growth.”

The Los Angeles–based real estate company is owned by Roski, who is estimated to be worth $7 billion and is co-owner of the Los Angeles Kings, Los Angeles Lakers, and the Crypto.com Arena. He is also a longtime Republican who donated a total of $200,000 to President Donald Trump’s 2024 campaign, according to federal funding records cited by Business Insider. 

The warehouse was one of more than two dozen locations identified by DHS as potential detention center sites, according to several news outlets. The company did not give a specific reason for its decision not to sell, or why it had been identified by DHS. Majestic Realty declined to comment beyond the statement. 

Last year, $45 billion was allocated to build new detention facilities in the One Big Beautiful Bill Act. The administration plans to build more than two dozen “mega centers,” or converted warehouses, to detain immigrants, Bloomberg reported in December. 

DHS has been ramping up its purchase of new detention facility sites in recent months. In January, the administration bought a site in Williamsport, Md., for $102.4 million and another in Surprise, Ariz., for $70 million, according to Bloomberg. 

Roski is not the first billionaire whose company has decided not to sell to DHS. Canadian billionaire Jimmy Pattison’s development company backed out of a sale of a 550,000-square-foot Virginia warehouse, Bloomberg reported. The sale was stopped following protests and a threat of a widespread boycott against all of Pattison’s companies.

Several local news outlets reported many people in Hutchins, Texas, a town of 6,000, opposed the potential ICE facility, including Mayor Mario Vasquez, who said that the town’s warehouses “are for storage, not for holding people.”

“I want to first commend the owner of the building, Majestic Realty, for their decision, and we look forward to working with Majestic Realty to find a tenant that is a good fit for the City of Hutchins,” Vasquez said in a statement after the announcements. “Your concerns did not go unnoticed.”



Source link

Tags: BillionaireBlocksICEjailSalesupporterTexasTrumpWarehouse
ShareTweetShare
Previous Post

Financial concerns drive retirees back to work: AARP

Next Post

8 February Budget Moves Saving Seniors $200+ in 2026

Related Posts

General Dynamics’s unit wins 9.3M contract modification for Abrams engineering work

General Dynamics’s unit wins $209.3M contract modification for Abrams engineering work

by theadvisertimes.com
June 25, 2026
0

USA)" width="1536" height="1024" data-caption="John M. Chase" data-id="2246465270" data-image-type="Getty" data-original-src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2246465270/image_2246465270.jpg?io=getty-c-w630" data-source="" data-type="getty-image" fetchpriority="high"> General Dynamics Land Systems, a unit of General...

Ken Griffin celebrates America 250 with M gift for new Roosevelt Library built into the Badlands

Ken Griffin celebrates America 250 with $26M gift for new Roosevelt Library built into the Badlands

by theadvisertimes.com
June 25, 2026
0

On July 4, 2026, as the United States marks its 250th birthday, a library will open in the North Dakota...

New fund to invest in young Israeli defense-tech cos

New fund to invest in young Israeli defense-tech cos

by theadvisertimes.com
June 25, 2026
0

Israeli defense-tech startups developing attack drones, defenses against fiber-optic drones, and munitions of various kinds have become the pride...

US inflation tops 4% for first time in three years, keeping Fed hike in play

US inflation tops 4% for first time in three years, keeping Fed hike in play

by theadvisertimes.com
June 25, 2026
0

U.S. inflation increased further in May, breaking above 4.0% for the first time in three years as the Middle East...

Supreme Court Rules Asylum Seekers Can Be Turned Around at US Border

Supreme Court Rules Asylum Seekers Can Be Turned Around at US Border

by theadvisertimes.com
June 25, 2026
0

In a 6-3 decision on Thursday, the Supreme Court ruled that U.S. immigration officials may legally turn back asylum seekers...

Bain & Co luxury report finds consumers using GLP-1s are rebuying luxury wardrobes

Bain & Co luxury report finds consumers using GLP-1s are rebuying luxury wardrobes

by theadvisertimes.com
June 25, 2026
0

The luxury sector is weathering crosswinds at the moment: On the one hand, military conflict in the Middle East has...

Next Post
8 February Budget Moves Saving Seniors 0+ in 2026

8 February Budget Moves Saving Seniors $200+ in 2026

CFTC Rallies to Defend Prediction Markets From State Attacks

CFTC Rallies to Defend Prediction Markets From State Attacks

  • Trending
  • Comments
  • Latest
Should You Offer a Concession to Get Your Apartment Leased Faster?

Should You Offer a Concession to Get Your Apartment Leased Faster?

June 15, 2026
Understanding risk remains a major investor blind spot: TIAA Institute

Understanding risk remains a major investor blind spot: TIAA Institute

June 5, 2026
Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

June 2, 2026
9 Best Cheap Cell Phone Plans That Will Save You Money

9 Best Cheap Cell Phone Plans That Will Save You Money

June 3, 2026
10 Low PEG Ratio Dividend Stocks

10 Low PEG Ratio Dividend Stocks

May 18, 2026
AI shopping agents are coming. No one is ready for them

AI shopping agents are coming. No one is ready for them

June 12, 2026
General Dynamics’s unit wins 9.3M contract modification for Abrams engineering work

General Dynamics’s unit wins $209.3M contract modification for Abrams engineering work

0
Ken Griffin celebrates America 250 with M gift for new Roosevelt Library built into the Badlands

Ken Griffin celebrates America 250 with $26M gift for new Roosevelt Library built into the Badlands

0
Chicago Fed’s Goolsbee says inflation is too high; Williams sees price pressures easing

Chicago Fed’s Goolsbee says inflation is too high; Williams sees price pressures easing

0
Solana hits B in weekly tokenized stock trading as demand for hard-to-access equities surge

Solana hits $1B in weekly tokenized stock trading as demand for hard-to-access equities surge

0
Senate Democrats Push  Minimum Wage Plan

Senate Democrats Push $25 Minimum Wage Plan

0
Supreme Court Rules Asylum Seekers Can Be Turned Around at US Border

Supreme Court Rules Asylum Seekers Can Be Turned Around at US Border

0
General Dynamics’s unit wins 9.3M contract modification for Abrams engineering work

General Dynamics’s unit wins $209.3M contract modification for Abrams engineering work

June 25, 2026
Chicago Fed’s Goolsbee says inflation is too high; Williams sees price pressures easing

Chicago Fed’s Goolsbee says inflation is too high; Williams sees price pressures easing

June 25, 2026
Ken Griffin celebrates America 250 with M gift for new Roosevelt Library built into the Badlands

Ken Griffin celebrates America 250 with $26M gift for new Roosevelt Library built into the Badlands

June 25, 2026
Senate Democrats Push  Minimum Wage Plan

Senate Democrats Push $25 Minimum Wage Plan

June 25, 2026
Solana hits B in weekly tokenized stock trading as demand for hard-to-access equities surge

Solana hits $1B in weekly tokenized stock trading as demand for hard-to-access equities surge

June 25, 2026
Chart of the Week: The AI Boom Is Running Into a Wall

Chart of the Week: The AI Boom Is Running Into a Wall

June 25, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • General Dynamics’s unit wins $209.3M contract modification for Abrams engineering work
  • Chicago Fed’s Goolsbee says inflation is too high; Williams sees price pressures easing
  • Ken Griffin celebrates America 250 with $26M gift for new Roosevelt Library built into the Badlands
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.