The New Republic | How One Shady Firm Is Using Reflecting Pool Renovation as a Cash Grab by Finn Hartnett
AI generated summary, Read the full article for complete information.
A National Park Service analysis, based on federal documents obtained by The New York Times, reveals that Atlantic Industrial Coatings—a company with no prior federal contracts and awarded the job without competition—was given a no‑bid contract to renovate the Lincoln Memorial Reflecting Pool for $13.1 million, roughly seven times the price President Trump originally cited, and is earning a 20 % profit margin that overcharges the government by about $850,000; the firm even began work before a price was agreed, has a virtually nonexistent online presence in New Canton, Virginia, and failed to properly seal the pool’s concrete on its first two attempts, illustrating a broader pattern of Trump‑era no‑bid deals and alleged fraud in federal contracting.
Read more: https://newrepublic.com/post/211004/firm-reflecting-pool-renovation-cash-grab-profit-margins
#AtlanticCoatings #Trumpadministration #LincolnMemorial #corruption #nationalparksservice #PresidentTrump #KristiNoem










