Trump Organization settles lawsuit over Jupiter golf club dispute

Federal judge ordered Trump to pay $5.74M last year

Miami /
Feb.February 27, 2018 06:00 PM

Trump National Golf Club Jupiter and Donald Trump (Credit: Nicklaus, Wikipedia)

The Trump Organization has agreed to settle a lawsuit brought by at least 65 former members of Trump National Golf Club Jupiter, ending a dispute that began in 2013.

Trump agreed to pay the former members $5.45 million, or 94 percent, of the judgment ordered by a federal judge last year, an attorney for the plaintiffs told the Sun Sentinel.

A group of ex-Trump National Golf Club members filed a class action suit in 2013, about a year after President Trump bought the then-Ritz-Carlton Golf Club & Spa for $5 million. The property, off of Donald Ross Road at 115 Eagle Tree Terrace, had been losing as much as $4.1 million per year. And the sale came with the understanding that Trump was assuming liability for $41 million in refundable deposits that former members were waiting to receive.

Resigned members, who were previously allowed to use club facilities while waiting for their deposits, were barred from entrance. At the time, Trump wrote in a letter, “As the owner of the club, I do not want them to utilize the club nor do I want their dues. In other words…if you choose to remain on the resignation list, you’re out.”

The refundable memberships ranged from $35,000 to $210,000.

In August, the Trump Organization appealed the federal ruling, arguing that U.S. District Judge Kenneth Marra incorrectly ordered the company to repay members for improperly keeping their deposits. The settlement is still pending final approval. [Sun Sentinel] – Amanda Rabines


Related Articles

arrow_forward_ios
Mayo Shattuck (top) and Brentwood Associates' Roger Goddu (Capital One Investor Relations, Brentwood Associates, Redfin)
Retired Chicago utility honcho sells renovated Bear’s Club mansion in Jupiter for $15M
Retired Chicago utility honcho sells renovated Bear’s Club mansion in Jupiter for $15M
From left: LRP Media Group's Ken Kahn and Gladstone Commercial Corporation's David Gladstone with 1395 University Boulevard
Media company buys office building near FAU’s Jupiter campus for $19M
Media company buys office building near FAU’s Jupiter campus for $19M
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Bainbridge's Richard Schechter and TPG's Avi Banyasz with Allure at Abacoa (Bainbridge, TPG, Allure at Abacoa)
Bainbridge and TPG team up for $161M purchase of a Jupiter apartment complex
Bainbridge and TPG team up for $161M purchase of a Jupiter apartment complex
Donald Trump, Eric Trump and Donald Trump Jr with 1125 South Ocean Boulevard (Premier Estate Properties, Getty)
Trump’s Palm Beach estate listed for rent asking $208K a month
Trump’s Palm Beach estate listed for rent asking $208K a month
Woodmont Properties chairman Donald Witmondt and ceo Eric Witmondt (Woodmont properties, Loopnet)
Woodmont beefs up Palm Beach Park of Commerce portfolio with $21M warehouse deal
Woodmont beefs up Palm Beach Park of Commerce portfolio with $21M warehouse deal
A photo illustration of prominent guests at the Witkoff wedding (via Instagram)
Nuptials Mar-a-Lago style: Donald Trump, Don Peebles, Barry Sternlicht among real estate elite at Witkoff wedding
Nuptials Mar-a-Lago style: Donald Trump, Don Peebles, Barry Sternlicht among real estate elite at Witkoff wedding
From left: Maury Tognarelli (seller), CEO of Heitman, and David Olney (buyer), CEO, Berkshire Residential Investment, in front of The Sophia at Abacoa apartment complex at 863 University Boulevard in Jupiter (Berkshire Residential Investment, Heitman, Realtor.com)
Multifamily craze carries on: Berkshire buys Jupiter apartment complex for $202.5M
Multifamily craze carries on: Berkshire buys Jupiter apartment complex for $202.5M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...