In press releases and interviews, Trump has said he has spent lavish sums on improving every property. Property records and corporate filings show that since then he has spent $330 million buying courses and land to develop into courses. He added: “I have the right to build thousands of homes on the various properties I own, and I haven’t wanted to build them (yet) because frankly I’ve been busy doing other things, like running for president.”Ī keen golfer himself, Trump began investing in the sport around 1997. Every one of them makes a lot of money,” said the author of the “Art of the Deal.” “They are not really golf investments, they’re development deals.” He declined to provide figures for his expenditure on courses or their current or future market values. He said Reuters’ calculations overestimated what he had spent and underestimated the value of his investments. Using conservative estimates of the amount Trump has spent, he may be breaking even or making modest gains on higher estimates – based on what Trump has said he is spending – he’s losing money. The analysis shows high costs and modest current valuations. A Reuters examination of them shows that Trump has likely lost millions of dollars on his golf projects. How great his golf course investments have been is debatable. Scorecard: Trump’s golf courses by the numbersįrom 2015: Trump’s art of the deal – Dispute your bills “We’re going to make America great again.” Related content we’re going to reduce the debt of the country, we’re going to increase jobs,” he told Reuters. “Just like I have no debt (on the courses), just like all these things.
TRUMP I WOUNT HAVE TIME TO GOLF TV
The former reality TV star says his kind of business acumen is what the United States needs. He says they are successful investments, bought cheaply when other developers fell into trouble or the market was weak. Turnberry is one of 12 courses Trump has bought in Britain, the United States, and Ireland over the past 19 years. I then spent a tremendous amount of money on renovating the hotel and the golf courses,” he told Reuters in a telephone interview. Trump says he is spending 200 million pounds ($290 million) on Turnberry, including the 34 million pounds he spent buying the property in 2014. Outside, the famous Ailsa course has been redesigned and extended. The Edwardian hotel has been stripped and refitted with Italian marble, parquet floors, 315 chandeliers and gilt-edged furniture. It’s also one of the biggest golf investments by the Republican party’s presumptive presidential nominee. The seaside course has hosted The Open – Europe’s only golf major – four times and is regularly listed as one of the world’s top courses. TURNBERRY, Scotland – When Donald Trump officially re-opens his Turnberry golf resort this week, he will be unveiling his most prestigious golf project yet.
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