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Trump's Irish golf course lost $2.3 million in 2016
President @realDonaldTrump's Irish golf course lost $2.3M in 2016, new docs show. Follows bad news from other Trump clubs in CA/NY/Scotland.
Link to tweet
Politics
Trump’s Irish golf course lost $2.3 million in 2016
By David A. Fahrenthold January 2 at 11:22 AM
President Trump’s golf course in Ireland lost about $2.3 million in 2016, according to new documents filed with the Irish government — the latest in a series of Trump golf clubs that have recently reported losses or declining revenue.
The Irish course, called Trump International Golf Links Ireland, is located in Doonbeg on the island’s west coast. It was bought by the Trump Organization in 2014, and then renovated — requiring more than $32 million in spending so far by the president’s company — before fully reopening in May 2016.
The new figures for 2016, provided Tuesday by the Trump club, show some good news for the course. Its revenue increased by 30 percent in 2016. Its operating losses were only half what they’d been in 2015.
But the bottom line was that the course lost money, for a third year in a row. Its total losses of $2.3 million were only about 15 percent lower than they’d been in 2015, while the course was hamstrung all year by renovations.
....
David A. Fahrenthold is a reporter covering the Trump family and their business interests. He has been at the Post since 2000, and previously covered Congress, the federal bureaucracy, the environment, and the D.C. police. Follow @Fahrenthold
Trump’s Irish golf course lost $2.3 million in 2016
By David A. Fahrenthold January 2 at 11:22 AM
President Trump’s golf course in Ireland lost about $2.3 million in 2016, according to new documents filed with the Irish government — the latest in a series of Trump golf clubs that have recently reported losses or declining revenue.
The Irish course, called Trump International Golf Links Ireland, is located in Doonbeg on the island’s west coast. It was bought by the Trump Organization in 2014, and then renovated — requiring more than $32 million in spending so far by the president’s company — before fully reopening in May 2016.
The new figures for 2016, provided Tuesday by the Trump club, show some good news for the course. Its revenue increased by 30 percent in 2016. Its operating losses were only half what they’d been in 2015.
But the bottom line was that the course lost money, for a third year in a row. Its total losses of $2.3 million were only about 15 percent lower than they’d been in 2015, while the course was hamstrung all year by renovations.
....
David A. Fahrenthold is a reporter covering the Trump family and their business interests. He has been at the Post since 2000, and previously covered Congress, the federal bureaucracy, the environment, and the D.C. police. Follow @Fahrenthold
