JULY 28, 2019
Despite all that, Trump’s course lost money for the first time last year — running $122,000 in the red, according to a new filing with the city.
The loss for the past operating year, from April 2018 to March 2019, is the latest bad financial news for Trump Golf Links at Ferry Point. It comes as other Trump golf courses — from his Doral resort in Florida to his expensive courses in Scotland and Ireland — have reported declining revenue, or outright losses, during Trump’s polarizing presidency.
In the Bronx, Trump’s stubbly, Scottish-style course is built on top of an old landfill, with views of the East River, two huge bridges and the coast of Queens. It opened in April 2015, two months before Trump entered the 2016 presidential race.
Since then, the course — located in the district of liberal Rep. Alexandria Ocasio-Cortez (D) — has struggled. The number of rounds played has declined every year. Overall revenue has fallen 14 percent, according to documents filed with the city.
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The latest filing — an annual “income statement” in which Trump’s company summarized the club’s income and expenses at the city’s course — was released by the city parks department after a public records request.
Beyond the $122,000 in losses, the filing revealed something else: a previously hidden dispute at the course, which pits the president’s company against the government of America’s largest city.
Read more at WashingtonPost.com
