Thursday, October 27, 2011

Trumps would buy home in Charlotte if golf course deal goes through

My sources are saying Trump buying the club probably a pretty good bet.

From Mecklenburg Times
It’s part of a company practice, Eric Trump says

By Deon Roberts, editor

Published: August 5, 2011

Donald Trump, or at least someone in his family, could have a Queen City address in the near future.
But it’s contingent on the Trumps going through with a purchase of a Mooresville golf course, his son Eric told The Mecklenburg Times this week.The Mooresville deal is still very much up in the air, like a golf ball that’s soaring high above the course, with no one knowing yet where it will land. A year ago, the Trump organization said it was eyeing a purchase of The Point Lake and Golf Club, an 18-hole course next to Lake Norman. The club’s equity members own the club, but Crescent Communities, a division of Charlotte-based Crescent Resources, controls it. Eric Trump, 27, who oversees golf course purchases for the Trump organization, told The Meck Times on Tuesday that his company is still interested in buying The Point. He did not provide an estimate as to when the deal might wrap up. “It’s way too premature to even talk about closing or even finishing a transaction,” he said. But if the Trumps buy The Point, they’d like to buy a Charlotte-area home, “something nearby,” he said, so that they would have a place to stay when checking on the course. “Historically, we have always bought residential real estate around our properties for our own private use,” he said.

Deon Roberts can be reached at Bookmark and Share

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