what happened to trump international golf course

by Ms. Kenya Labadie 8 min read

Trump's two Scottish golf courses lost nearly $9 million combined in 2020, new filings show. The filings, signed by Eric Trump, show that the clubs lost money even after claiming UK government pandemic aid. Executives blamed the losses on Brexit and COVID-19.Dec 28, 2021

Does Trump still own his golf courses?

The Trump Organization operates the Trump Golf Links at Ferry Point, New York, a public golf course built and owned by New York City, under a 20-year contract awarded in 2013 by the administration of then-Mayor Bloomberg.

Does Trump still own golf course in Scotland?

Trump International Golf Links, Scotland is a golf course in Balmedie, Aberdeenshire, Scotland, owned by Donald Trump. It opened in 2012.

Where are all of Donald Trump's golf courses?

Take a look at the golf courses owned by Donald TrumpTrump National Golf Club, Bedminster. ... Trump National Golf Club, Charlotte. ... Trump National Golf Club, Colts Neck. ... Trump National Doral Golf Club. ... Trump National Golf Club, Hudson Valley. ... Trump National Golf Club, Jupiter. ... Trump National Golf Club, Los Angeles.More items...•

Can you play at Trump golf course?

Golf at Trump Golf Links at Ferry Point is open to both New York City residents and non-residents. Our close proximity to JFK and LaGuardia airports make accessing our award winning championship course easy. Greens fees are inclusive of a discounted practice facility fee and an administrative fee.

Who owns Trump National golf course?

The Trump OrganizationTrump 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. Rancho Palos Verdes, California, U.S.

Does Trump own any golf courses in Ireland?

In February 2014, the lodge and golf club was bought by American businessman Donald Trump for an estimated €15M. The Lodge at Doonbeg consists of 218 hotel suites, a spa and several restaurants managed by the Trump Hotel Collection.

How many golf courses does Trump actually own?

There are 12 Trump Golf-owned properties in the United States, two in Scotland, one in Ireland and one in the United Arab Emirates. The Trump Organization manages Trump Golf Links at Ferry Point in New York, though for a short period of time it lost control until winning a legal battle.

How many Trump golf courses are there in the world?

Answer. Donald Trump (The Trump Organization) owns 19 golf courses world wide.

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.

How much does it cost to play at Trump golf course?

The average of all pricing tiers is $212, with the most expensive being $300 and the most affordable $80, though the prices don't include sales tax.

Which Trump golf courses are public?

Donald Trump's wonderful world of public golfBlue Monster at Trump National Doral Miami. ... Red Tiger and Golden Palm at Trump National Doral Miami. ... Silver Fox at Trump National Doral Miami. ... Trump National Golf Club Los Angeles. ... Trump International Golf Links Scotland.More items...•

How Much Is Trump National golf?

TIME has reported that initiation fees alone cost as much as $350,000. And that's before any annual fees, which have been reported to be anywhere from $14,000 to $25,000.

What golf club does Trump own in Scotland?

Turnberry (golf course)Club informationLocationSouth Ayrshire, ScotlandEstablished1906, 116 years agoTypePrivateOwned byThe Trump Organization19 more rows

Who owns St Andrews golf course in Scotland?

Old Course at St AndrewsClub informationLocationSt Andrews, ScotlandEstablished1552 (469 years ago)TypePublicOwned byFife Council12 more rows

Who owns Dundonald Links in Scotland?

Darwin EscapesDundonald Links, one of Scotland's leading championship golf courses, has been acquired by Darwin Escapes, the operator of 21 lodge resorts, holiday parks and golf courses around the UK.

Who owns Gleneagles golf course?

EnnismoreGleneagles HotelClub informationTypePrivateOwned byEnnismoreTotal holes63Tournaments hostedRyder Cup, Johnnie Walker Championship24 more rows

What happened to Donald Trump's golf course?

Donald Trump "bankrupted" a golf course in Puerto Rico, leaving taxpayers there on the hook for $33 million worth of debt.

How much did Trump International lose in 2012?

Further, for this lack of success, Trump International garnered a total of $609,607 in management fees between 2008 and 2012. (This figure is likely the source of Lainie Green’s reference to a “$600,000 paycheck” received by Donald Trump.)

How much did the Puerto Rican government lose in the bankruptcy?

His role in the bankruptcy of the company, which ended up costing Puerto Rican taxpayers $32.6 million, was significant but limited. That $32.6 million loss constituted 0.03 percent of the territory’s total $123 billion debt, which prompted the Puerto Rican government to file for bankruptcy relief in May 2017.

Was Puerto Rico hit by a recession?

What's False. Puerto Rico had been hard hit by a recession, and the club had taken on substantial debt and was suffering annual losses for years before Trump's company intervened.

Does Trump International have a partnership?

The continued operations of the Partnership are dependant [sic] upon the ability of the Club to attract customers and control operating expenses. Trump International Co. (Club Manager) has developed a plan to achieve and maintain positive operating cash flows sufficient to allow the Partnership to continue as a going concern. In particular, the Club Manager [Trump International] has developed programs to attract members and use the Club, while containing operating costs.

Did Green's account of the golf course bankruptcy get any facts right?

Green’s account of the episode got some facts right, but it also left out some important context necessary for any assessment of Trump’s responsibility for the bankruptcy of the golf course.

Did Trump own Coco Beach?

Holding Trump to be solely or primarily responsible for the bankruptcy of a business they didn’t own, that was already heavily in debt, and was losing several million dollars a year before Trump arrived on the scene would be something of an unfair standard.

What golf course does Donald Trump use?

In fact, it was not all that unusual. The club fit a formula Trump regularly uses: golf plus branding, with high-end residential mixed in. One recent example is the Trump International Golf Club in Dubai — an extravagant 18-hole course and 100 luxury villas.

When did Trump's golf club host the PGA?

Initially, the Trump-branded club did try to make a splash despite the tough economy. In 2008, it hosted the PGA Puerto Rico Open, and used the tournament to kick-start the condo sales.

How much did the Puerto Rico Open lose in 2012?

From 2008 to 2012, it lost between $5.8 million and $7.2 million annually. In 2012 it had just 63 members, and only four had bought condo units. Mainland players weren't flocking to Coco Beach, and revenues from the Puerto Rico Open were steadily declining.

Who said the PGA tournament was the ideal platform to debut this one-of-a-kind project to such an?

The magazine quoted Eric Trump as saying, "The PGA tournament served as the ideal platform to debut this one-of-a-kind project to such an important audience."

Does Trump's son own the golf course?

Once in a Bloomberg interview, Trump's son Eric Trump emphasized that the family had never had ownership stake in the property. "We have zero financial investment in this course," he said. "This is a separate owner. We purely manage the golf course."

Why are Trump golf courses rebuked?

A few of Trump's golf courses have earned stern rebukes from environmental groups due to the damage their construction has caused or could cause to surrounding ecosystems. For example, the Guardian reported in 2018 that the golf resort in Aberdeenshire, Scotland, was guilty of partially destroying a fragile dune system composed of sands and plant life so unique that the area had previously been recognized as a site of special scientific interest by the Scottish Natural Heritage. Over in the United States, ABC says a Trump National Golf Course in Virginia was cited for cutting down trees in a protected area that was vulnerable to flooding, less than a decade after previously getting in trouble for chopping down another 400 trees. The justification? They wanted to make a clearer view for guests.

Where is Donald Trump's golf course?

Donald Trump is an avid golf fan, and he cares tremendously about his golf courses, but the one that has (in the past) held a special importance in his life has been the Trump National Golf Club in Bedminster, New Jersey.

How many golf courses does Trump own?

CNN reports that Trump currently owns 17 golf courses, to be exact, and you can find them pretty much anywhere golf is popular: not only up and down the East Coast United States, from Florida to New York, but also in countries like Scotland, the UAE, and Ireland.

How much did Donald Trump's golf courses cost?

As Mother Jones explains, Trump's two Scottish golf courses cost the now-president $200 million to build, and in 2017 lost a combined total of about $6.2 million. This is a long shot from Trump's original pitch, back in 2008, where he claimed that the Aberdeen resort would be a huge success and would create 6,000 new jobs: In reality, the current number of employees is a not-so-amazing 84. Trump's sons Eric and Donald Jr. currently operate his golf properties, and while Eric has stated that the business is "spectacular," according to CBS — and certain properties, such as the Doral in Miami, have certainly done quite well — the family is notoriously cagey when it comes to giving details. From the outside, the picture doesn't look so great.

Where did Trump borrow his father's golf club?

Year after year, according to Forbes, Eric Trump has borrowed his father's Westchester, New York, golf club for the Eric Trump Foundation Golf Invitational: a ritzy charity event where million of dollars are donated to St. Jude's hospital to benefit kids with cancer. As the younger Trump tells it, the greatest advantage to his event is that since it's his father's golf course, he gets to rent it out for free so all the money goes toward helping children with cancer with little upfront cost.

Where did Donald Trump buy the Ritz-Carlton?

In 2012, Donald Trump purchased the Ritz-Carlton golf course in Jupiter, Florida, according to NBC, and for whatever reason, a group of previous members decided to ship out. Under the former rules of the agreement, these members were permitted to continue playing golf on the course until their replacements were found: like it or not, that's the contract they signed. When Trump caught wind of this, though, he wrote a letter to the members of the club saying that, as the new owner, he wanted them gone ASAP and these former rules no longer applied. According to USA Today, Trump also refused to give the former members their refundable deposits, some of which were as high as $210,000.

Did Donald Trump donate to Greenberg?

Trump ended up settling with Greenberg, agreeing to donate $158,000 to Greenberg's charitable foundation, according to Vox. The prize money didn't come directly from Trump himself, though. Rather, the check was written from Trump's "charity" organization, the Donald J. Trump Foundation, which has a pretty checkered record of charitable activities.

How much did Trump lose at the Scottish courses?

The Trump Organization ’s financial filings early this year reported a $4.6 million annual loss at the Scottish courses, which boosted the total red ink for the operations over eight years to an eye-popping $75 million. Trump hasn’t paid a penny in tax on the properties. In fact, the courses collected $800,000 in taxpayer subsidies during the COVID-19 pandemic to protect jobs, then cut workers, union officials complained.

What is the circular flow of money in Trump's companies?

The circular flow of money in the Trump companies provides an opportunity for money laundering, The New Yorker business writer Adam Davidson has suggested. He called the resorts “ money disappearing ” operations.

Why are the dunes not protected?

But late last year officials announced that the dunes had lost their status as a protected environmental site because they had been partially destroyed.

When did the Foveran Links dunes change?

The drastic change was already vividly apparent in overhead photos of the Foveran Links dunes in 2019 (see clip above).

Will the dunes be there forever?

The dunes “will be there forever,” Trump vowed in 2008 to quell concerns about his new course. “This will be environmentally better after [the course] is built than it is before.”

How many Trump golf courses are open?

Seven of the current Trump Golf-owned/managed properties are open to the public for tee times and eight of the clubs are private.

Where is Trump Nationa Golf Club?

Overview of Trump Nationa Golf Club, Charlotte. (The Trump Organization)

Who is the golfer who is known as the namesake of the golf courses?

Before Donald Trump was elected President of the United States, he was well-known in the golf community as the namesake of the courses and grounds that share his name.

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Premise

Aftermath

Reactions

Ownership

  • According to documents first detailed in a 2016 BuzzFeed investigation, in 2008 Trump International entered into an arrangement with the owners of Coco Beach Golf & Country Club, a foundering resort and golf course that had opened in 2004 on the northeast coast of Puerto Rico about 30 miles from San Juan. Under the agreement, the future presidents company licensed th…
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Controversies

  • By October 2011, Coco Beach had defaulted on $26 million in bonds and had to seek another round of financing. In 2015, the company filed for bankruptcy under its original name, Coco Beach Golf and Country Club, citing debts of more than $78 million but only $9 million in assets. Bankruptcy court records show that Puerto Ricos Tourism Development Fund made a claim of $…
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Analysis

  • The evidence shows that Coca Beach had consistently been operating at a loss and accumulating debts in the years before Trump International became involved with its management. And a significant portion of the financial assistance provided by the Puerto Rican government was given in 2000 and 2004, well before the future U.S. presidents company arrived on the scene.
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Funding

  • However, one could argue that Trump International received a good deal of money from the Coco Beach deal yet failed to turn the club around, or even stanch its financial bleeding. According to the March 2011 bond offering (which was itself required to cover losses on the Puerto Rican governments 2000 and 2004 bond investments), Trump International had given certain assuranc…
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Results

  • Whatever that plan was, it did not succeed. The 2012 financials show that the clubs average annual losses rose to $6.3 million during the period that Trumps company provided management services to the resort (2008-2012), $1 million more per year than the business had been losing before. Further, for this lack of success, Trump International garnered a total of $609,607 in man…
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Significance

  • Donald Trump did not set Coco Beach Golf and Country Club on course for ruin, but he wasnt able to save it from that fate. His role in the bankruptcy of the company, which ended up costing Puerto Rican taxpayers $32.6 million, was significant but limited. That $32.6 million loss constituted 0.03 percent of the territorys total $123 billion debt, wh...
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