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Tribune News Service
Tribune News Service
National
Leonard Greene

City covered its rent, but Trump's golf course in Bronx still lost money

NEW YORK _ How bad is the president's golf game? Even his course didn't make the cut.

A Trump-branded golf course in the Bronx lost money for the first time since it opened four years ago, according to reports and financial papers filed with the city.

The president's company lost $122,000 while running Trump Golf Links at Ferry Point, but blamed the city for installing a faulty gas pipe that delayed a construction project.

Despite a sweetheart deal in which the city agreed to cover the course's irrigation bills and its first four years of rent, the course was in the red for the operating year that ended in March.

Trump has had little financial luck on the links. His Doral resort in Florida and his expensive courses in Scotland and Ireland have lost money, and some blame his polarizing presidency.

But in a financial filing, Trump's company said that an "inadequate gas pipe installed by" the city had caused its losses, by delaying the opening of the course's new clubhouse.

Without that delay, company officials said, the clubhouse restaurant and pro shop might have made enough money to turn a profit.

"We are aware of their claim and do not believe the city is responsible," said Crystal Howard, a parks department spokeswoman.

In previous years, Trump Ferry Point had posted profits of about $500,000 per year.

But the course, which is located in progressive Democratic Rep. Alexandria Ocasio-Cortez's district, has seen a dwindling number of rounds played every year since its 2015 opening, according to The Washington Post.

The city-built course, which cost $127 million, is operated by the Trump Organization under a contract with the city.

Critics have also decried the course's greens fees. which top out at $224 per round. Most of the city's other public courses charge no more than $53.

Next year, the club will have to pay the city at least $300,000 in fees.

The Scottish-style course is built on top of an old landfill, and offers views of the East River and two huge bridges. It opened in April 2015, two months before Trump entered the 2016 presidential race.

A Trump spokesman declined to provide any further details on the pipe dispute.

"Our letter to the city says it all and speaks for itself," Alan Garten, an attorney for the Trump Organization, told the Post. "Nothing more to add."

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