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Why early buyers of the Trump Organization’s $200M Scottish housing project are raising eyebrows
Despite the company’s golf courses in the country losing money, the project is allegedly attracting a large amount of attention
Despite Trump International Golf Links Scotland money troubles, there is significant interest in buying homes the company’s developing adjacent to its Aberdeen course–at least according to their legal team.
“It is rare for a development to attract such interest prior to the submission of a planning application,” Trump’s law firm noted in its filings to Aberdeenshire Council, as reported by Bloomberg. Many homes have been reserved, the lawyers claim, despite the development’s pending plans. The company plans to construct up to 500 homes–if the city approves its proposal, and spend nearly $200 million in the process.
The Aberdeen golf course itself is not making money. According to Bloomberg, it wracked up losses to the tune of 1.4 million pounds ($1.8 million USD), while Trump’s second Scottish course in Turnberry had a shortfall of 17.6 million pounds ($23 million USD). [Bloomberg]—Erin Hudson