Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

ffr

(22,665 posts)
Wed Jun 17, 2020, 11:41 AM Jun 2020

Impeached tRump golf club in Florida requests rent relief, citing coronavirus impact

Trump golf club in Florida requests rent relief, citing coronavirus impact

[Impeached] pResident tRump’s golf club in West Palm Beach, Fla., has asked Palm Beach County to defer some of the $88,338 monthly rent it pays to lease public land after a loss in revenue triggered by the coronavirus pandemic.

In a June 5 letter obtained by The Palm Beach Post, Trump International Golf Club financial director Ed Raymundo said the county’s stay-at-home order issued on March 25 coincided with the “busiest part of our season,” leading to a “significant impact” on business.

Raymundo inquired about rent relief on March 25, the day of the stay-at-home order, the newspaper reported on Tuesday.

“This mandate has resulted in the cancellation of events and forced the Club to close many of it’s amenities leaving limited services available to our members,” Raymundo wrote. - The Hill

I only have crocodile tears to give.

Snowflakes!
5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Impeached tRump golf club in Florida requests rent relief, citing coronavirus impact (Original Post) ffr Jun 2020 OP
Too bad we can't see the list of companies that received help from the federal govt. Frustratedlady Jun 2020 #1
I hope the county denies the application. greatauntoftriplets Jun 2020 #2
I Thought It Was A Billionaire! ProfessorGAC Jun 2020 #3
There's language in the Act prohibiting him or is family 2naSalit Jun 2020 #4
Trump has no cash on hand, everything he owns is a revolving door of debt. sarcasmo Jun 2020 #5

Frustratedlady

(16,254 posts)
1. Too bad we can't see the list of companies that received help from the federal govt.
Wed Jun 17, 2020, 11:51 AM
Jun 2020

They are probably trying to draw from both govts.

ProfessorGAC

(64,852 posts)
3. I Thought It Was A Billionaire!
Wed Jun 17, 2020, 12:58 PM
Jun 2020

A real billionaire being behind a quarter million in lease payments would ride it out & use the total loss to reduce the tax bill, getting that 22% back.
But....
someone pretending to be a billionaire might not have the cash flow to ride out a quarter million.

Latest Discussions»General Discussion»Impeached tRump golf club...