Monday, August 1, 2016

Variety: Donald Trump's Palos Verdes Golf Course Has Holes In It

By Gene Maddaus:

That appraisal — never before reported — illustrates the wide gulf between Trump’s public claims and private realities. As he campaigns for president, Trump has touted the course as “one of the great pieces of land in the world.” And yet records submitted to the assessor showed that the course was suffering from declining revenues and struggling to attract golfers.

Trump has also reported widely varying appraisals of Trump National Golf Club in Westchester County, New York. In financial statements submitted to federal elections officials, he has claimed that the course is worth more than $50 million. In news accounts, he has said that the 101-foot waterfall alone cost $7 million. And yet last month, an ABC News investigation found that he told tax officials the property was worth just $1.35 million.

The Full Story (June 9, 2016)

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