Quantcast
Connect with us

Trump’s prized Doral golf course lost 69 percent of its income since 2015

Published

on

President Donald Trump’s prized Doral golf course is “severely underperforming,” according to a consultant trying to lower the Miami property tax bill.

The president has listed Doral in federal disclosures as his biggest moneymaker hotel, but its net operating income fell by 69 percent between 2015 and 2017, reported the Washington Post.

“There is some negative connotation that is associated with the brand,” tax consultant Jessica Vachiratevanurak told a Miami-Dade County official.

ADVERTISEMENT

The Post obtained documents and video — provided by the company’s tax consultants to the county and are legally required to be accurate — under Florida’s public-records law that show the Trump Organization’s problems are bigger than previously known.

“Profitability is down across the board,” said financial analyst Michael Bellisario, who reviewed the documents. “It’s clearly underperforming their expectations.”

The Trump Organization issued a statement that contradicted Vachiratevanurak, who represented the company, and blamed factors that had nothing to do with the president, such as the Zika virus in 2016 and hurricanes in 2016 and 2017.

Eric Trump, who runs his father’s day-to-day business, also contradicted what the company’s own data showed.

ADVERTISEMENT

“This story is completely senseless,” Eric Trump told the Post in a statement. “Our iconic properties are the best in the world and our portfolio is unrivaled by anyone.”

Last year, Eric Trump insisted Doral was “on fire,” but the golf course lost its PGA Tour event after Trump called Mexicans rapists and drug dealers at the outset of his presidential campaign.

The Doral’s legendary “Blue Monster” golf course had been popular with South American tourists, according to Eric Trump, but the slur against Latino immigrants stung and eventually cost Trump the pro event.

ADVERTISEMENT

Cadillac, the tournament’s main sponsor, pulled out in 2016, and Doral never found another sponsor.

The PGA Tour event left Trump’s golf course and moved to Mexico.

ADVERTISEMENT

Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

White House personnel chief delivers a new blow to Trump: Top DHS candidates are not legally qualified

Published

on

President Donald Trump's quest to find an acting replacement for departed Department of Homeland Security chief Kirstjen Nielsen was dealt a significant blow on Monday.

The Wall Street Journal reports that the White House personnel office chief Sean Doocey has informed the president that he doesn't believe either of his top two picks are legally qualified to hold the position.

As the Journal notes, "federal statute that governs vacancies states that acting officials in cabinet-level positions must either be next in line for a position or hold a Senate-confirmed position." Neither Ken Cuccinelli, who heads the U.S. Citizenship and Immigration Services, nor Mark Morgan, who leads Customs and Border Protection, meet those standards, Doocey determined.

Continue Reading

Breaking Banner

CNBC reporter laments ‘very sad’ decline of Trump: ‘We just heard 20 minutes of nonsense’

Published

on

CNBC's John Harwood reacted to President Donald Trump's appearance before the press corps on Monday by calling it "20 minutes of nonsense."

Trump's remarks to the press came during a cabinet meeting where he defended his decision to pull troops out of Syria and insisted that the Emoluments Clause of the U.S. Constitution is "phony."

Continue Reading
 

Breaking Banner

Trump went off the rails at Monday’s cabinet meeting — here are the 5 craziest moments

Published

on

President Donald Trump went on a rampage during his Monday cabinet meeting in which he launched multiple broadsides against his political opponents.

The president's latest public tirade came as he is facing increased pressure from House Democrats' impeachment inquiry, as well as criticism from members of his own party over abandoning America's Kurdish allies and trying to award his own business a massive government contract to host next year's G7 summit.

Below are the craziest moments from Trump's off-the-rails Cabinet meeting.

1.) Trump claims that he deserves personal credit for capturing Islamic State fighters.

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1 and go ad-free.
close-image