The Real Deal New York

Trump got big concessions in Bronx golf course deal

Other golf course operators in the city did not receive similar breaks
May 30, 2014 11:48AM

Donald Trump received several concessions on the $236 million golf course his firm is building in the Bronx, according to a review of Parks Department golf contracts from the New York Daily News.

The 18-hole course at Ferry Point Park — called Trump National —  is expected to open next spring.  Trump was selected to develop the course by then-Mayor Michael Bloomberg’s administration in 2012.

According to the Daily News, Trump’s deal with that administration included no concession fees for a four-year period, very low revenue-sharing with the city, and millions of gallons of free water each year. Other golf course operators in the city were not granted similar breaks, the Daily News reported. The deal for Trump National also came with a five-year delay for the developer to construct a $10 million clubhouse on the site.

Trump National aims to charge visitors $125 in greens fees per person. In contrast,  nearly all of the 13 public golf courses in the cities charge $48 per person for weekend rounds, the New York Daily News reported.

The course’s projected cost of $236 million to complete is more than 10 times the original estimate when construction began in 2000, as previously reported. [NYDN]Mark Maurer