Trump National Golf Club Los Angeles
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Trump paid $27 million for the course and has claimed it is worth more than $50 million in his financial disclosures. Trump has lowered his property taxse on the course by convincing local officials to value the course at $14 million.
Donald Trump bought the Trump National Golf Club - Los Angeles in 2002 for $27 million. The course is located in the community of Ranchos Palos Verdes.
Trump has reported two streams of income for his Los Angeles Golf Club. Golf related revenue was $15,635,196 in 2016. Land Sales accounted for $11,270,300 in 2016. Trump developed housing associated with the site, building fifty mansions worth millions of dollars each.
Donald Trump has feuded with local officials and neighbors over illegally planted rows of ficus that obscured neighbors' views of the ocean.
Underlying Assets: Golf Course and Unsold Lots
Location: Los Angeles, CA
Purchase Date: 2002
Purchase Price: $27 million
Reported Value: $50 million or more
Reported Income: $26,905,496
Tournament Canceled Due to Trump's Campaign Racism
In July of 2015, PGA of America canceled plans to hold its Grand Slam of Golf at Trump National Golf Club Los Angeles. The tournament was canceled in response to Trump's racist remarks about Mexicans at the outset of the 2016 US Presidential campaign.
Footnotes and Citations
“Trump bought one course in Ranchos Palos Verdes, Calif., for $27 million in 2002; said in 2006 that he would pour more than $260 million into its remodeling; and then, in 2008, requested that Los Angeles assessors tax it as if it were worth $10 million. Trump has since won three appeals to lower the club's taxes, and it is now appraised at about $14 million - far below the value in Trump's recent election filings of more than $50 million. (Washington Post, August 21, 2016)”“"I've been very loyal to golf," Trump said Tuesday in a telephone interview. "I own 17 clubs. They all do great. We will see whether or not golf is loyal to me." That is the question after the P.G.A. of America on Tuesday became the first major golf organization to pull an event from one of Trump's properties in response to Trump's racially insensitive remarks last month about Mexican immigrants during a speech in which he announced his candidacy for the Republican nomination for president. The P.G.A. Grand Slam of Golf -- a year-end exhibition among the winners of the four men's major championships -- was scheduled for October at Trump National Golf Club in Los Angeles. Instead, it will be moved to a yet-to-be-determined location. Trump said it was a mutually agreed upon move to protect his friends in the organization from dealing with potential backlash over his remarks, in which he said, referring to Mexican immigrants: "They're bringing drugs. They're bringing crime. They're rapists." He later added, "And some, I assume, are good people." (New York Times, July 8, 2015)”