Former members of Trump Doral may have to wait decades to get their deposits back

Miami /
Aug.August 22, 2019 06:00 PM
Donald Trump at Trump National Doral (Credit: Getty Images)

Donald Trump at Trump National Doral (Credit: Getty Images)

Ex-members of Trump National Doral have been waiting to inch forward on the refund list at the Doral golf course and resort — and they may have to wait decades more.

To move up on the list by one spot, four new members need to join the golf club, and the list is more than 265 people long, according to the Miami Herald. The deposits range from $10,500 to $19,000.

The Trump Organization bought the 800-acre golf resort out of bankruptcy in 2012. At the time, now-President Trump agreed to honor the membership and refund waiting list. At that point, there were nearly 500 active members and roughly 200 on the waiting list.

Since the president was elected and took office, Trump National Doral has suffered, blaming its losses on hurricanes and the Zika virus. Some members have left, the saying the club became too political or that they no longer wanted to support the president, the Herald reported.

Few members have joined between December 2017 and January 2019. One member said that he moved up by two spots, which means only eight members had joined, according to the Herald.

In an attempt to reduce the property’s tax bill, Tax consultant Jessica Vachiratevanurak told a Miami-Dade County official that the property is “severely underperforming” compared to other resorts in the area.

In 2018, Trump reported that the resort and golf club made 34 percent less than two years prior, down to $76 million.

One member told the Herald that after he met with the director of membership operations in December 2018, the wait for a refund would have been about 12 years. That means that those who left after the 2016 election could be waiting about 85 years to get their deposits back. [Miami Herald] – Katherine Kallergis


Related Articles

arrow_forward_ios
Donald Trump and the Trump National Doral golf course (Getty, Trump Hotels)

In the rough: Trump’s golf clubs and resorts have lost $315M

In the rough: Trump’s golf clubs and resorts have lost $315M
Donald Trump (Credit: Win McNamee/Getty Images)

Newly uncovered trademarks show Trump’s Cuba real estate aspirations

Newly uncovered trademarks show Trump’s Cuba real estate aspirations
212 Spyglass Lane & Carlos Gavidia (Realtor, Instagram/Carlos_E_Gavidia)

“Trumptilla” organizer sells waterfront Jupiter home for $6M

“Trumptilla” organizer sells waterfront Jupiter home for $6M
President Trump and Mar-a-Lago Club (Credit: Joe Raedle/Getty Images, and Pete Marovich/Getty Images)

Trump faces $1.5M in Palm Beach County property taxes

Trump faces $1.5M in Palm Beach County property taxes
The Emerald Hills golf course and Ari Pearl

Developers propose Nicklaus redesign of Emerald Hills golf course, luxury residences

Developers propose Nicklaus redesign of Emerald Hills golf course, luxury residences
Donald Trump with Trump International Golf Club (Credit: Isaac Brekken/Getty Images and Palm Beach Post)

Trump golf club in West Palm seeks rent relief, citing shutdowns

Trump golf club in West Palm seeks rent relief, citing shutdowns
Toll Brothers CEO Douglas C. Yearley Jr. and Parkland Golf & Country Club (Credit: Facebook)

Toll Brothers sells Parkland Golf & Country Club for $15M

Toll Brothers sells Parkland Golf & Country Club for $15M
Donald Trump and Mar-a-Lago Club (Credit: MANDEL NGAN/AFP via Getty Images, and iStock)

Trump’s Mar-a-Lago furloughs 153 employees

Trump’s Mar-a-Lago furloughs 153 employees
arrow_forward_ios

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

Loading...