President Donald Trump walks to speak to the press before departing the White House for Beijing, China, on Tuesday. A new lawsuit filed in Florida seeks to block the transfer of property planned for the Trump presidential library. Photo by Bonnie Cash/UPI | License Photo

May 14 (UPI) -- A group of South Florida residents filed a lawsuit Wednesday to block the state from selling the property planned for President Donald Trump's presidential library.

The suit alleges that the transfer of the high-value property owned by Miami Dade College is worth millions, while Trump is only paying $10, violating the Emoluments Clause in the U.S. Constitution. That clause bans states from giving a financial benefit to a sitting president.

The property is valued at $63 million but would likely fetch hundreds of millions on the open market, the suit said.

Gov. Ron DeSantis moved in September to donate 2.63 acres of state-owned land in downtown Miami to the Donald J. Trump Presidential Library Foundation Inc. The foundation is a nonprofit created last year by Trump's son Eric Trump, his son-in-law Michael Boulos and James Kiley, a Trump Organization lawyer.