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Heh. Did you know Trump managed a Puerto Rican golf course...
#1
...into bankruptcy?

As the snopes link discusses, this club was troubled from its start in 2004, despite the PR government pouring money into it in an effort to jumpstart tourism. But the club was still losing money. So in 2008, someone presumably said, Hey, Trump does golf club management- he's got a big name, he's on TV, and is super successful (well, at least he says he is). Let's let him manage it.

And so the Coco Beach Golf & Country Club, which had been losing 5 million dollars a year, became the Trump International Golf Club Puerto Rico...and began losing 6.3 million dollars a year. Three years of Trump management later, it declared bankruptcy, with $78 mil in debt and only $9 mil in assets, leaving Puerto Rican taxpayers on the hook for $33 mil.

Don't feel too sorry for the Donald, tho. Not only did he not lose money (since he never put any in), his company pocketed over $600,000 for it's excellent management.

Now, THAT'S an artful deal!
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#2
From your link:

Does all this mean that Trump “bankrupted” the golf course, though? Not exactly.

The evidence shows that Coca Beach had consistently been operating at a loss and accumulating debts in the years before Trump International became involved with its management. And a significant portion of the financial assistance provided by the Puerto Rican government was given in 2000 and 2004, well before the future U.S. president’s company arrived on the scene.

Puerto Rico had already been hard hit by a recession well before the Trump International contracted to assist with the club’s management, and in the two years before Trump International’s intervention (2006-07), Coco Beach operated at an average annual net loss of $5.3 million, according to BuzzFeed. Moreover, neither Donald Trump nor Trump International held an ownership stake in the property, took part in its development, or was involved with its financing; they only operated and managed the resort. Holding Trump to be solely or primarily responsible for the bankruptcy of a business they didn’t own, that was already heavily in debt, and was losing several million dollars a year before Trump arrived on the scene would be something of an unfair standard.
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#3
Thus (above), "As the snopes link discusses, this club was troubled from its start in 2004, despite the PR government pouring money into it in an effort to jumpstart tourism. But the club was still losing money."

All I'm saying is that somehow, Trump management only resulted in increasing losses, not improvement; but Trump's company still made out like a bandit.

(I didn't mention the puffery put out by the Trump org when the club was getting another round of bonds (that they also defaulted on)).
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#4
It certainly negates the idea that Trump branding is an instant winner.
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#5
As others have pointed out, he's the only developer on earth that went broke (repeatedly, I think) running a casino.
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#6
His wasn't the only Atlantic City casinos to go bankrupt.

https://philly.curbed.com/2016/8/4/12376...ty-casinos
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#7
hal wrote:
His wasn't the only Atlantic City casinos to go bankrupt.

https://philly.curbed.com/2016/8/4/12376...ty-casinos

Maybe not, but he is the one developer of casinos who has managed to have a string of bankruptcies.
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