A view of the hotel at the Trump Turnberry Golf Resort Turnberry, Scotland, Britain October 3, 2020. REUTERS/Russell Cheyne
A Reuters review of satellite imagery and publicly available property filings in the United States and Europe shows that over the past decade, the Trump Organization hasn’t built a single residential or holiday home at any of the 11 golf properties that according to land records and the president’s financial disclosures are owned outright by the business.
Eric Trump, one of the president’s sons who oversees the business, in a statement said: “We have the greatest golf properties anywhere in the world and just celebrated one of the best years in the history of Trump Golf,” and that “our business was up year-over-year.”The White House declined to comment.
The Trump Organization has since 2004 sold some homes and housing lots around his golf properties in Westchester County, New York, and near Los Angeles. But these holdings were already zoned for such housing when Trump purchased them, according to planning documents and deeds lodged with the local counties.Meanwhile, revenues have stagnated in recent years.
Using golf courses as a springboard for development profits is a well-established strategy. Investors typically target properties with few legal or logistical restrictions to development, specialists say. Many of Trump’s properties, however, have restrictions such as legal controls on land use and environment protections or face local resistance to development, according to property records, planning officials and specialists.
But he hasn’t received such rights, according to the local authority, South Ayrshire Council. His organization has lobbied the council to rezone his surrounding agricultural land and a disused World War One airstrip to allow for the construction of about 225 residential and holiday homes, said a council spokesman and two local councillors. However, the council last month didn’t include that revision in its most recent five-to-ten year development plan, council documents show.
Scotland, hoping for a tourism boost, viewed the prospect of thousands of new jobs generated by the resort as a powerful argument to overrule environmental concerns, according to remarks by government ministers at the time.
Step 1, find distressed properties Step 2, borrow billions from Russia and Saudi Arabia Step 3, launder money. Step 4, have PGA tour leave flagship Doral Step 5, run for President before loans due
Thought It Read Turdberry, At First Glance.
With the US Fed pumping/printing trillions, real assets like these will be a goldmine.
Trump has a strategy?
Well, I wonder why, you idiots heard of China Flu, you heard of a re-election year, I mean his golf courses. And you call your selves journalists.
Donald,go away you have damaged the President’s position in the USA,I am thankful you didn’t cause WW111,that was what I thought you were going to do in 2016;now it’s time for you to go after tearing the souls of the USA people, just stop talking and tweeting with no credibility
You mean the ones that he owes 2 million dollars on?
Everything about this is ILLEGAL. From start to finish. And she ADMITS IT herself. RiggedElection
If only would look into Chinese investments The Big Guy Biden
dirksoetens
Why don't you look at his Middle East peace efforts?
Omg.....clutching pearls.....he owned golf course and wanted them to be successful.
Making money off the insurance of losing money—2007 Great Recession
I would rather see Reuters do a deep dive into the Biden Crime family.
Lol, journobot mad DNC
Lets look more at the National Security threat of the Biden's and their investments.
tombergin_News Much like his business ventures generally, by recent accounts.
tombergin_News How bout the new Hunter Audio indicating his dad, JoeBiden has been involved as a witness in a criminal investigation or Hunter saying the top Chinese Spy chief disappeared his partner?
tombergin_News Golfing has been on the decline since the 1990's. It's appeal was to the Silent Gen and older Boomer's. The greater interest has been in tennis, hiking, volleyball. All more enjoyable to younger generations. Cost and time as factors.
tombergin_News Beautiful
tombergin_News Is that the one in Scotland?
tombergin_News Giuliani
tombergin_News Trump doesn’t own this. The banks do.
tombergin_News That's because he gave up his business and went to do a public servant's job. And he knows he's the public's servant in this. So the Congress better muster some effect that they too are on our payroll. DoNothingDemocrats
tombergin_News He has no money all his assets will go 🏦 bankrupt and no one will lend him money
tombergin_News It should be Donald Terdberry
tombergin_News Who in the F$% would play at one of his courses?
Turdberry