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Trump’s failed Puerto Rico golf course has cost the territory’s taxpayers more than $32 million

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President Donald Trump may have blamed his inadequate response to the devastation in Puerto Rico on “this thing called the Atlantic,” but his own failed golf course may have made it worse.

According to a report by Death & Taxes, the Coco Beach Golf and Country Club in San Juan (renamed to Trump International Golf Club Puerto Rico in 2008) borrowed more than $26 million in “government-backed bonds” to pay for renovations and old debts — but then defaulted nearly $120,000, declaring bankruptcy and leaving Puerto Rican Americans to pay the $32.7 million bill.

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According to a PolitiFact Florida report from earlier this year, Trump’s complicated relationship with the failed San Juan golf course started in 2008, when he entered a deal with the club to re-license under his brand and turn the club around as it was “hemorrhaging money.”

The resort hosted the PGA’s Puerto Rican Open that year, but by 2011, the “resort sought more bonds to repay the earlier bonds.” The following year, Trump pocketed more than $600,000 in profits.

By the time the resort filed for bankruptcy in 2015, it had done so under it’s original name. At the time, Eric Trump claimed his family’s business had “zero financial investment in this course” and merely lent it their name and managed their golf course, but the report stated he “filed a bankruptcy claim for about $927,000 for unpaid fees on behalf of Trump Golf Coco Beach LLC.”

Additionally, a BuzzFeed report from 2016 proved that the Trump Organization promised to turn the club around — and then left the Puerto Rican government with their defaulted payments.

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After Trump finally spoke out on Twitter about Puerto Rico’s financial woes that led to their difficulties paying for relief, a Twitter user who claims to “track” Trump’s spending responded with the PolitiFact report about his former golf course’s role in exacerbating the island territory’s financial crisis.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Why was Jeffrey Epstein buying size 5 women’s panties — while in jail?

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The Miami Herald has another bombshell report on Jeffrey Epstein, who died in a Manhattan jail while waiting to stand trial on federal sex crimes charges.

"A decade ago, during a brief stint in Palm Beach County Jail, convicted sex offender Jeffrey Epstein made an odd purchase at the facility’s store: two pairs of small women’s panties, size 5," the Herald reported Saturday night.

The newspaper noted, "the panties raise questions about why a childless male inmate, accused of sexually abusing girls as young as 14, would be allowed to buy female undergarments so small that they wouldn’t fit an average-sized adult woman."

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White nationalist Republican ridiculed after only 2 people show up for his town hall meeting

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Embattled Rep. Steve King (R-IA) suffered further humiliation on Saturday when only two people showed up for his town hall meeting with Iowa constituents.

King, who was stripped of all committee assignments for his white nationalism, was been an embarrassment for Republicans with his constant racism and misogyny.

A photo of the town hall meeting was posted on Twitter by Reuters photo editor Corinne Perkins.

https://twitter.com/corinne_perkins/status/1162806565109473280

Rep. King was quickly mocked in the comments.

Here's some of what people were saying:

https://twitter.com/sedespres/status/1162811223186006018

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2020 Election

Democrats could flip the Texas state house in 2020 — and reshape the national map

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Blue Texas? Democrats have long dreamt of winning Texas’s 38 electoral votes in the presidential election. That may still be a long shot, but a recent “Texodus” from Congress has given new talk to a political transformation across the Lone Star State that could have massive ramifications down the ballot and for decades to come.

This article was originally posted at Salon.

Four of the state’s GOP members of Congress have announced their retirements in recent weeks, an unusual torrent of departures signaling that a storm is coming. And evidence shows that it’s not just hitting Texas’s federal delegation. It’s coming to Austin, too.

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