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Fri Jun 14, 2019, 07:06 PM

X-post from GD - the Donald J. Trump State Park is a failure & tax dodge

As with most Bloomberg reports very well researched and all aspects covered.


A Failed Trump Golf Course Turned Into a Dilapidated New York State Park

Trump boasted undeveloped land worth five times assessed value
New York stopped maintaining marshy, overgrown forest in 2010



When Donald Trump bought 436 acres in upstate New York two decades ago, he envisioned adding two new championship golf courses to his collection.

But local leaders nixed the golf-course plans and his subsequent efforts to sell it to a homebuilding company faltered. So he gave it away.

"This is my way of trying to give back," he said at the time.

Like most deals involving Trump, there was more to it than goodwill. He was unloading what experts say was useless land, but not before working local officials to see if they could reappraise it at more than five times the assessed value, according to documents seen by Bloomberg and interviews with people involved -- and using a grossly inflated figure on later presidential campaign documents to show, falsely, the depth of his philanthropy.

Despite the purchase price of $2.75 million, and a county assessment of $5.5 million at the time of the donation, Trumpís 2016 campaign said in a list of charitable donations published by The Washington Post that the land was worth $26.1 million.





https://www.bloomberg.com/news/articles/2019-06-14/failed-trump-golf-course-turned-into-dilapidated-n-y-state-park
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Reply X-post from GD - the Donald J. Trump State Park is a failure & tax dodge (Original post)
underpants Jun 14 OP
dawg day Jun 14 #1
Dennis Donovan Jun 14 #2
Nitram Jun 15 #3

Response to underpants (Original post)

Fri Jun 14, 2019, 07:11 PM

1. I certainly hope they take that awful name off the park. Even a useless swampy land deserves better.

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Response to dawg day (Reply #1)

Fri Jun 14, 2019, 07:21 PM

2. Not for nothing, that would be a good sign to swipe...

...it would be like having the sign that said "Berchtesgaden, A. Hitler".

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Response to underpants (Original post)

Sat Jun 15, 2019, 05:39 PM

3. That's the way Trump does business.

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