00:00And we have others that we're working on, and you know that.
00:03Many years ago, a very successful real estate developer in New York,
00:09known as Donald J. Trump,
00:11I bid on the renovation and rebuilding of this very United Nations complex.
00:17I remember it so well.
00:19I said at the time that I would do it for $500 million, rebuilding everything.
00:24It would be beautiful.
00:26I used to talk about, I'm going to give you marble floors.
00:28They're going to give you terrazza.
00:32I'm going to give you the best of everything.
00:35You're going to have mahogany walls.
00:37They're going to give you plastic.
00:39But they decided to go in another direction, which was much more expensive at the time,
00:45and which actually produced a far inferior product.
00:48And I realized that they did not know what they were doing when it came to construction,
00:53and that their building concepts were so wrong,
00:55and the product that they were proposing to build was so bad and so costly.
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