NEW YORK (AP) — Gaming giant Bally’s paid Donald Trump’s company $60 million to buy the right to operate a public golf course in New York City, the former president’s namesake son testified Thursday.
The terms of the lease transfer on the former Trump Golf Links Ferry Point hadn’t been disclosed when the deal became public earlier this year. But the price emerged as Donald Trump Jr. was questioned on the witness stand Thursday at the civil fraud trial that’s delving into the ex-president’s finances and the family business’ dealings.
Trump Jr. said the sales price was $60 million but the Trump Organization had incurred “a lot of costs” over the years, so he wasn’t sure of the net profit. He was followed on the witness stand Thursday by his brother and fellow company executive Eric Trump.
The Trump Organization managed the 18-hole Bronx course, which is visible from the Whitestone Bridge and boasts views of the Manhattan skyline, from 2015 until this year. The city spent more than $120 million to build the Jack Nicklaus-designed course on an old landfill, envisioning an East Coast version of the famed Pebble Beach links and major championships that never materialized. It’s now called Bally’s Golf Links at Ferry Point.
