Miami

Trump's flagship Doral resort has seen its net operating income plunge

In this image, Trump stands in a white polo shirt and khakis and leans on a white balcony.
Trump watches the World Golf Championships-Cadillac Championship at the Doral resort on March 10, 2013. Photo: Scott Halleran/Getty Images

The net operating income for Trump National Doral Miami resort, the flagship property and biggest moneymaker for President Trump's family business, has fallen by 69% over the past two years, according to a Washington Post analysis of its records.

Why it matters: A note from a tax consultant employed by The Trump Organization to a Miami official stated that the property faces "some negative connotation that is associated with the brand," which the Post notes is the first time that someone employed by Trump has acknowledged that the president's name could affect business.

Miami may be the perfect city to test out flying cars

Rendering of flying car skyport atop the Paramount Miami Worldcenter. Illustration: World Satellite Television News/Paramount Miami Worldcenter
Rendering of flying car skyport atop the Paramount Miami World Center. Illustration: World Satellite Television News/Paramount Miami Worldcenter

Future residents of the 60-story Paramount Miami World Center won't have to bother with trying to hail a ride at street level. Instead, they can take a glass-enclosed elevator up to the rooftop skyport and be whisked off by a flying car.

Why it matters: South Florida is a prime market for VTOL (vertical take-off and landing) air taxis because of the region's congested highways and affluent population, says Daniel Kodsi, developer of the center.