• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsDonald Trump

Ron DeSantis just took over $66 million worth of prime Miami real estate and gifted it to Trump for a presidential library

By
Kate Payne
Kate Payne
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Kate Payne
Kate Payne
and
The Associated Press
The Associated Press
Down Arrow Button Icon
October 1, 2025, 10:19 AM ET
Florida Governor Ron DeSantis shakes hands with US President Donald Trump upon Trump's arrival at Dade-Collier Training and Transition Airport in Ochopee, Florida, on July 1, 2025.
Florida Governor Ron DeSantis shakes hands with US President Donald Trump upon Trump's arrival at Dade-Collier Training and Transition Airport in Ochopee, Florida, on July 1, 2025. ANDREW CABALLERO-REYNOLDS/AFP via Getty Images

Florida officials decided Tuesday to set aside nearly three acres of prime downtown Miami real estate next to the historic Freedom Tower as a potential site of the future presidential library of President Donald Trump.

Recommended Video

Republican Gov. Ron DeSantis and the Florida Cabinet voted to give the parcel appraised at more than $66 million to the foundation that’s planning the president’s post-administration archives, arguing that the property owned by the state-run Miami Dade College would provide a “greater benefit to the public” and “increase economic development activities” as Trump’s library.

It’s the latest demonstration by top Florida Republicans of their loyalty to Trump, who has shifted the center of his political universe to his adopted home state.

The property is flanked by glitzy condos in an iconic stretch of palm tree-lined Biscayne Boulevard, overlooking the waterfront park and across the street from the basketball arena that’s home to the Miami Heat. Miami Dade College has used it as an employee parking lot.

Under the state constitution, the gifting of certain state properties requires approval by a collective decision-making body comprised of the attorney general, the chief financial officer and the commissioner of agriculture as well as the governor.

Tuesday’s conveyance gives the Donald J. Trump Presidential Library Foundation, Inc., control over a developer’s dream property. The foundation is led by three trustees: Eric Trump, Tiffany Trump’s husband Michael Boulos, and Trump attorney James Kiley.

“It will be the greatest Presidential Library ever built, honoring the greatest President,” Eric Trump said in a social media post.

The site is also adjacent to Freedom Tower, the historic Spanish Revival building that housed one of Miami’s first newspapers before serving as a resource center for hundreds of thousands of Cubans who fled communism and sought asylum in the United States. Now operated as a museum by the college, it’s considered a symbol of the city’s vibrant immigrant heritage.

The landmark tower has also been a site of recent protests against Trump’s crackdown on migrants. Cuban Americans, who dominate politics in Miami, have voted overwhelmingly for Trump. But his mass deportation agenda is increasingly viewed as a betrayal, leaving many second-guessing their support.

Locations associated with Florida Atlantic University in Boca Raton and Florida International University in suburban Miami had previously been floated as potential library sites. DeSantis signed a bill this year preempting local governments from blocking development of a presidential library, aiming to overrule potential opposition in liberal-leaning counties or municipalities.

___
Kate Payne is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

Fortune Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Fortune Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Authors
By Kate Payne
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

PoliticsDonald Trump
National Park Service drops free admission on Martin Luther King Jr. Day and Juneteenth while adding Trump’s birthday
By David Klepper and The Associated PressDecember 6, 2025
13 hours ago
PoliticsMilitary
Hegseth likens strikes on alleged drug boats to post-9/11 war on terror, saying Trump can order use of force ‘as he sees fit’
By David Klepper and The Associated PressDecember 6, 2025
14 hours ago
Trump
PoliticsWhite House
Trump finally meets Claudia Sheinbaum face to face at the FIFA World Cup draw
By Will Weissert and The Associated PressDecember 6, 2025
21 hours ago
Nuzzi
Arts & EntertainmentMedia
Olivia Nuzzi to leave Vanity Fair while denouncing ex-fiance Ryan Lizza’s Substack attack as ‘fiction-slash-revenge porn’
By David Bauder, Hillel Italie and The Associated PressDecember 6, 2025
23 hours ago
AIMeta
It’s ‘kind of jarring’: AI labs like Meta, Deepseek, and Xai earned some of the worst grades possible on an existential safety index
By Patrick Kulp and Tech BrewDecember 5, 2025
2 days ago
Schumer
Politicsnational debt
‘This is a bad idea made worse’: Senate Dems’ plan to fix Obamacare premiums adds nearly $300 billion to deficit, CRFB says
By Nick LichtenbergDecember 5, 2025
2 days ago

Most Popular

placeholder alt text
AI
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China 'they can build a hospital in a weekend'
By Nino PaoliDecember 6, 2025
19 hours ago
placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
1 day ago
placeholder alt text
Big Tech
Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
By Eva RoytburgDecember 5, 2025
2 days ago
placeholder alt text
Economy
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
14 hours ago
placeholder alt text
Asia
Despite their ‘no limits’ friendship, Russia is paying a nearly 90% markup on sanctioned goods from China—compared with 9% from other countries
By Jason MaNovember 29, 2025
8 days ago
placeholder alt text
Success
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant 'state of anxiety' out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
3 days ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.