Is Trump's New York golf club worth 35 times more than he says?
An attempt by Donald Trump to slash the property tax bill on a golf club outside New York City may be undermined by records indicating that he previously said the property was worth 35 times more than the value he is now trying to convince a judge to approve.
Why was Trump’s New York City Golf Course revoked?
A judge overturned a decision to wrestle control of New York City’s Ferry Point golf course away from the Trump Organization, saying the municipality used a flawed decision process to take the contract away from the group.
How much is Trump’s golf course in Scotland worth?
The Trump Org valued a golf course in Scotland based on a media quote, per a legal filing. The firm said the the course was worth $161 million, five years after Trump bought it for $12.6 million. Trump denies wrongdoing and claims the investigation is politically motivated. Get a daily selection of our top stories based on your reading preferences.
How much should Trump pay for damage to Trump’s New Jersey golf course?
The alterations were made “to improve aesthetic golf course quality and golf-play”, according to the village authorities, who are demanding more than $238,000 from Trump to pay for the damage they say was caused. “It stopped people from using the facilities,” said Georgina Gualdino, the chair of the village’s recreation advisory committee.
What is Trump National Golf Club worth?
At a total cost of $264 million, Trump National Golf Club, Los Angeles would be the most expensive golf course ever constructed. Trump's representatives claimed the course was worth $10 million in dealing with the L.A. County property tax assessor two years after the course opened.
Who owns Trump National golf?
Rancho Palos Verdes, California, U.S. Trump National Golf Club, Los Angeles is a public golf club in Rancho Palos Verdes, California with a 7,242-yard (6,622 m) course designed by Pete Dye and Donald J. Trump Signature Design. It is owned by The Trump Organization.
Does Trump own Trump golf courses?
Donald Trump is closely associated with the sport of golf. As a real estate developer, Trump began acquiring and constructing golf courses in 1999. By the time of his election as United States President in 2016, he owned 17 golf courses worldwide through his holding company, the Trump Organization.
Who owns the most golf courses in the US?
ClubCorp is a privately held American corporation based in Dallas and is the largest owner and operator of private golf and country clubs in the country. It owns or operates more than 200 golf and country clubs and business, sports and alumni clubs worldwide.
Does Trump own Doral golf?
In February 2012, the Trump Organization purchased the Doral Resort & Spa out of bankruptcy for $150 million. The property's name was then changed to Trump National Doral. Trump began a $250-million renovation of the resort in 2013, which was completed in 2016.
Who owns Pebble Beach?
Pebble Beach Co. is owned by a partnership between Taiheiyo Club Inc., a Japanese golf resort company, and Sumitomo Credit Services Co., one of Japan's largest issuers of Visa cards.
Who owns TPC Sawgrass?
TPC at SawgrassClub informationElevation7 feet (2 m)Established1980, 42 years agoTypeResortOperated byPGA Tour TPC Network24 more rows
Does Trump own Westchester Country club?
Donald Trump, the former president of the United States, purchased the property in 1996 and renamed the club after its county, Westchester, in a similar manner to his other golf properties.
Where does Donald Trump play golf?
Donald Trump plays golf at Trump National Golf Club in Sterling, Virginia, on Nov. 28, 2020. The former president said Ferry Point, which his group previously managed, could be the best public golf facility in the country. Photo by Alex Brandon/Associated Press
Why did Trump's lawyers say the city will need to fork over $30 million?
Lawyers for the Trump team have said the city will need to fork over a $30 million “termination fee” because the breach of contract assertion has no legal merit, according to reporting by The City, a digital news platform in New York City.
Why did Trump's organization terminate the course?
Back in June, the Trump Organization legal team said the termination was motivated solely by political pressure. The group invested significantly in the project after New York City failed to complete the course, which ranks 77th on the Golfweek’s Best Courses You Can Play in the United States list, as judged by Golfweek’s nationwide network of raters.
When did Ferry Point open?
Formerly known as Trump Golf Links at Ferry Point, the links-style golf course opened in 2014 and debuted at No. 2 for New York on Golfweek’s Best: State-by-State Courses You Can Play list in 2015, trailing only Bethpage Black. When Ferry Point opened, the city signed a 20-year agreement with the Trump Organization.
Did Jack Nicklaus have oversight of the course?
On Tuesday, a hearing was held in advance of a vote, and lawyers from the Trump team insisted course designer Jack Nicklaus had direct oversight on any decision regarding the course’s management. That wasn’t enough to sway a city panel, however, as members approved the switch on Wednesday. Two panel members voted against the measure, and one insisted that the process needed more time to be thoroughly vetted.
What caused the Trump National Golf Club to become a controversy?
Trump caused a commotion by arriving in a garish stretch limousine for a hearing of the village planning board that considered his plans in 1999.
How much would Trump's club reduce taxes?
If his legal bid were successful, Trump’s club would reduce its town tax bill – which goes towards schools and other local services – by 90% or $424,176 per year. The billionaire’s gambit has infuriated some of the community’s less wealthy residents. “He should be made to pay it,” said Thomasina Laidley Brown, the chair of the local Democratic party. “We, the people that live here, don’t get any special favours, and I don’t think he should.”
Why did Trump accuse Vescio of flooding?
Trump claims that Vescio orchestrated the village’s flooding lawsuit against him as retaliation because Trump criticises his firm’s work on the public golf course as a “glaring example of taxpayer waste”. Vescio and the village manager, Phil Zegarelli, declined to comment.
Why is Ossining suing Trump?
The Republican presidential frontrunner is suing the town of Ossining in Westchester County to reduce the taxes on Trump National Golf Club, a 147-acre property with a lavish clubhouse and 18-hole course whose managers are separately accused of causing floods that led to $240,000 worth of damage to local public facilities.
How much did Donald Trump buy Briarcliff Manor?
Donald Trump bought the Briarcliff Manor golf course at foreclosure for about $8m in the mid-1990s. Photograph: Robert Kalfus/Splash News. Trump’s lawsuit in county court argues that the luxurious private club, which he bought in foreclosure for about $8m in the mid-1990s before spending what he claimed at the club’s opening event was another $45m ...
What lawsuit did Briarcliff Manor have against Trump?
In a separate lawsuit against three Trump companies now being fought in the county court, lawyers for Briarcliff Manor allege that Trump’s golf club managers made “illegal and intentional modifications” to their drainage systems that resulted in the rest of the village suffering a deluge in June 2011.
Where is the golf club in Ossining?
Trump’s lawsuit is only his latest disagreement with members of the community in Ossining and its sleepy village of Briarcliff Manor, where the golf club is located. Magnificent homes line leafy winding roads that are quiet except for the scuttling of squirrels. Many wealthy residents follow the same 45-minute commute south into Manhattan’s Grand Central station made by Donald Draper in the early seasons of the TV drama Mad Men.
How many golf courses does Donald Trump own?
The Trump Organization owns or operates 17 golf courses around the world, with 15 owned, including three overseas, and two in the United Arab Emirates his company operates through a licensing deal. Dating back to 2000, Trump has reported a total loss of $315.6 million for his golf properties.
Why did Donald Trump write off his golf club?
Trump has also used his golf businesses to reduce his tax liability, declaring land at his Los Angeles-area club as protected under an environmental conservation easement that meant millions in tax credits. He also wrote off dramatically higher administrative expenses for his Bedminster, N.J., club early in his presidency, likely done in response to the club becoming a home away from the White House during the summers.
How much money did Donald Trump spend on the Trump National Doral?
Trump has spent $213 million on the property, and a $125 million mortgage on the property is due in full in three years. The capital infusion has been spent renovating the resort's accommodations and several of the property's golf courses, including the famous Blue Monster, which hosted the PGA Tour for some 50 years before the PGA Tour left in 2016.
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