The Trump Organization’s golf courses made $67 million less for Donald Trump in his first year as President than before he took office, his latest financial disclosure filings revealed. The biggest hit, 35%, came from Trump National Doral in Miami, Fla., and Trump National outside Washington, D.C. also generated 27% less income for the President. In all, 14 of the 17 Trump Organization golf properties generated less for the President than during the previous year.
Trump National Doral Denied Property-Tax Appeal
The Trump Organization had been successful in securing reductions for its Miami, Fla. resort property through appeals in each of the previous four years, but was denied in its effort to trim the nearly $1.8 million assessment for 2016. In total, the Trump Organization paid $2.9 million in 2016 property taxes for its South Florida properties.
PGA Moves Tournament from Trump National Doral
And of all places, the event’s new location, effective in 2017, will be Mexico. But the Tour said the move wasn’t political, just that it had to be made to secure sufficient sponsorship dollars. “I hope they have kidnapping insurance,” Donald Trump said in reacting to the announcement.
Great White Course Sold for Redevelopment
Codina Partners and Lennar Corp. are set to close on a joint purchase of the closed Doral, Fla., golf course, adjacent to and previously operated by Trump National Doral. The $1 billion mixed-use development will include 2,840 residential units, office buildings, a charter school, retail, restaurants, and government center.
Want to Test Brazil’s Olympic Course? The PGA Needs Volunteers
The PGA Tour is trying to hold a test event on March 8 for the new course in Rio de Janeiro, and is even offering charter-flight transportation for participants. But scheduling conflicts has many Tour players turning down the opportunity.
Florida Clubs’ Comeback Efforts Featured by New York Times
The newspaper’s commercial real estate section devoted extensive coverage to a post-recession update on the state of South Florida’s club and course properties, including Boca West CC’s $50 million renovation and Woodmont CC’s expansion beyond golf.
The Cliffs, Alabama Golf Trail Announce New Membership Offers
The Cliffs has introduced National and Corporate memberships, marking the first time membership has been opened to those who don’t own real estate in any of its seven luxury communities in the Carolinas. Alabama’s Robert Trent Jones Golf Trail has launched winter golf memberships for unlimited play from November through February.
Trump Drops Bid for Crandon Golf at Key Biscayne Course
The Trump Organization had sought management control of the public waterfront property for 99 years, in exchange for making $10 million in improvements. But it withdrew the offer after a county official recommended that the unsolicited proposal be rejected.
Trump: Golf is “Doing Phenomenally Well”
In comments to both CNBC and USA Today, the real estate mogul shared his thoughts on the “aspirational game,” as he prepared to host the WGC-Cadillac Championship at Trump National Doral from March 5-8.
Trump Promises to Turn Crandon Golf at Key Biscayne from “Terrible” to “World Class”
Speaking about the unsolicited proposal he has made to add the public course to The Trump Organization’s portfolio and make $10 million in renovations, Donald Trump said the Key Biscayne, Fla. property is currently “a joke” compared to Trump National Doral. A hearing is scheduled for next month to consider changing current restrictions on private enterprise at the park.
Red Tiger Unveiled at Trump National Doral (Fla.)
Donald Trump hit the opening tee shot at the unveiling of his newest golf course on January 12. Trump also filed a $100 million lawsuit against Palm Beach County, Fla., claiming officials are purposefully redirecting air traffic over his Mar-a-Lago Club.
Trump’s Criticism of Pinehurst Sets Off Twitter Firestorm
Donald Trump said the “horrible look” of the renovated Pinehurst No. 2 during the U.S. Open would “translate into poor television ratings” and contended that several of his own courses were “far superior.” Reaction included a suggestion that Trump might like Pinehurst better if it had “one of your waterfalls.”
Blue Monster at Trump National Doral Reopens
After a rebuild by Gil Hanse, the Miami, Fla., club’s golf course has reopened to the public. Hanse worked alongside Jim Wagner on the golf course, which saw 14 holes altered, including work on the fairways and rough to increase the amount of elevation change, with numerous slopes and mounds added.