No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, June 1, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

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

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 2 mins read
A A
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

Russia’s censorship crackdown and WhatsApp ban expose the decentralization gap the crypto industry keeps missing

Related Posts

edit post
US stocks today: US stocks end higher, boosted by tech gains, US-Iran peace hopes

US stocks today: US stocks end higher, boosted by tech gains, US-Iran peace hopes

by TheAdviserMagazine
June 1, 2026
0

Wall Street stocks posted modest gains on ​Monday as investors watched developments in U.S.-Iran peace negotiations and cheered the unveiling...

edit post
Florida sues OpenAI and CEO Sam Altman over allegations of marketing ChatGPT despite serious risks

Florida sues OpenAI and CEO Sam Altman over allegations of marketing ChatGPT despite serious risks

by TheAdviserMagazine
June 1, 2026
0

The state of Florida filed a lawsuit against OpenAI and CEO Sam Altman on Monday, claiming the company knowingly released and aggressively...

edit post
France again bans Israel from Eurosatory defense exhibition

France again bans Israel from Eurosatory defense exhibition

by TheAdviserMagazine
June 1, 2026
0

Israel’s Ministry of Defense announced today that the French government has banned the official participation of the State of...

edit post
Here’s What Put Seaport Entertainment Group (SEG) on a Strong Footing For Success

Here’s What Put Seaport Entertainment Group (SEG) on a Strong Footing For Success

by TheAdviserMagazine
June 1, 2026
0

US-based investment company, McIntyre Partnerships, returned -19% gross and -20% net in the first quarter of 2026 compared to the...

edit post
The elderly and injured are using robots as home care support to help them get around their home

The elderly and injured are using robots as home care support to help them get around their home

by TheAdviserMagazine
June 1, 2026
0

After outliving Booker T. Bones, their second service dog, Brenda and Brian Marquis still needed help with some of the...

edit post
Greedy Gavin Newsom Goes After Trump’s Anti-Weaponization Fund

Greedy Gavin Newsom Goes After Trump’s Anti-Weaponization Fund

by TheAdviserMagazine
June 1, 2026
0

Anyone who says Trump Derangement Syndrome doesn’t exist hasn’t bothered to remove their blinders. It’s a real thing that has...

Next Post
edit post
Russia’s censorship crackdown and WhatsApp ban expose the decentralization gap the crypto industry keeps missing

Russia’s censorship crackdown and WhatsApp ban expose the decentralization gap the crypto industry keeps missing

edit post
CFTC Rallies to Defend Prediction Markets From State Attacks

CFTC Rallies to Defend Prediction Markets From State Attacks

  • Trending
  • Comments
  • Latest
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
Deal Diary: You’re Never Too Old to Chase FIRE

Deal Diary: You’re Never Too Old to Chase FIRE

0
edit post
Dem Centrists Pick Their Side, Stand With ICE, Data Centers, and Israel

Dem Centrists Pick Their Side, Stand With ICE, Data Centers, and Israel

0
edit post
Best of May 2026 from HigherEdJobs

Best of May 2026 from HigherEdJobs

0
edit post
Buy One, Get One Free Nike Kids’ Clothes, Socks, & More! {Today Only}

Buy One, Get One Free Nike Kids’ Clothes, Socks, & More! {Today Only}

0
edit post
XRP’s 15-week low puts ETF inflows to the spot-market test

XRP’s 15-week low puts ETF inflows to the spot-market test

0
edit post
A fake UK visa site has been leaking 100,000 passports and selfies for weeks, and the part nobody is talking about is why the operator has zero incentive to fix it

A fake UK visa site has been leaking 100,000 passports and selfies for weeks, and the part nobody is talking about is why the operator has zero incentive to fix it

0
edit post
Buy One, Get One Free Nike Kids’ Clothes, Socks, & More! {Today Only}

Buy One, Get One Free Nike Kids’ Clothes, Socks, & More! {Today Only}

June 1, 2026
edit post
US stocks today: US stocks end higher, boosted by tech gains, US-Iran peace hopes

US stocks today: US stocks end higher, boosted by tech gains, US-Iran peace hopes

June 1, 2026
edit post
7 Real-Life Lottery Winners Who Lost It All

7 Real-Life Lottery Winners Who Lost It All

June 1, 2026
edit post
9 Times It’s Smarter Not to Answer Your Front Door

9 Times It’s Smarter Not to Answer Your Front Door

June 1, 2026
edit post
XRP’s 15-week low puts ETF inflows to the spot-market test

XRP’s 15-week low puts ETF inflows to the spot-market test

June 1, 2026
edit post
TICKETS AVAILABLE NOW: Next Generation Conference – July 25

TICKETS AVAILABLE NOW: Next Generation Conference – July 25

June 1, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Buy One, Get One Free Nike Kids’ Clothes, Socks, & More! {Today Only}
  • US stocks today: US stocks end higher, boosted by tech gains, US-Iran peace hopes
  • 7 Real-Life Lottery Winners Who Lost It All
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About 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
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

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