Trump golf club in Bronx posts first loss since its opening

NEW YORK — President Donald Trump’s company posted annual losses at his golf course in the Bronx for the first time since it opened four years ago as expenses rose, greens fees barely budged and the opening of a clubhouse was delayed.The $122,127 loss is tiny for the multimillion-dollar Trump Organization, but it is another possible sign of trouble at its golf properties as the Trump brand faces blowback from customers turned off by the president’s politics. The company has also posted losses at its clubs in Scotland and Ireland and has struggled to grow at its biggest golf property, the Doral resort in the Miami area.The company said in a footnote to a financial statement filed with New York City that it would have turned a profit if not for a delay in the opening of its new clubhouse in June 2018. It said the delay was due to trouble with problems with an “inadequate gas pipe” that had been installed by the city, without elaborating.The Trump Organization did not respond to email, text and phone messages seeking comment. Exactly how much Trump’s businesses overall have been hurt is unclear, but plans for two new Trump hotel chains have been cancelled and several buildings owned by others have stripped the Trump name from their facades.A spokeswoman for the city parks department, which leases the land for the course, said it does not believe the city is responsible for any gas pipe trouble.The Trump Golf Links at Ferry Point has expansive views of the two giant bridges connecting the Bronx with Queens, and of the Manhattan skyline in the distance. Under a 20-year contract allowing Trump to operate the 192-acre links course, the city agreed not to charge the Trump Organization for water and sewage and, for the first four years, no rent. Next year, the company will have to pay rent of at least $300,000.Even with the breaks from the city, the Bronx club has struggled.Greens fees generated $3.1 million in the 12 months through March 2019, down 17% over four years. Banquet fees have plunged 40% to $464,076.The Trump Organization said that it would have made a profit of $420,782 if not for “expenses incurred in anticipation of a June 2018 opening of the new clubhouse,” without defining those expenses.Still, that “adjusted” profit is 18% less than real profits from the year before.Bernard Condon, The Associated Press read more

Boston cardinal says he will boycott event because Enda Kenny is going

first_imgBOSTON CARDINAL SEAN O’Malley has said that he will not be attending an event in the city next week because Taoiseach Enda Kenny will be going, who, the cardinal says, is “aggressively promoting abortion legislation”.The two had been due to attend a Boston College graduation ceremony next week, where the Taoiseach is to address graduates and receive an honorary degree.Cardinal Sean O’Malley said Catholic bishops in America have asked Catholic institutions – such as Boston College – not to confer honours on politicians who promote abortion with their laws and policies.“I am sure that the invitation [to Enda Kenny] was made in good faith, long before it came to the attention of the leadership of Boston College that Mr Kenny is aggressively promoting abortion legislation,” Cardinal O’Malley said.“Since the university has not withdrawn the invitation and because the Taoiseach has not seen fit to decline, I shall not attend the graduation,” he said.Cardinal O’Malley said it was his ‘ardent hope’ that the college will ‘work to redress the confusion, disappointment and harm caused by not adhering to the Bishops’ directives.’The Boston archbishop traditionally delivers the final benediction at graduation ceremonies at Boston College every year.A spokesperson for the Taoiseach said the issue was a personal matter for the cardinal.The Taoiseach has repeatedly said that his government will legislate for the X case, which would allow for abortion in cases of risk to the life of the woman.The Boston Globe reports that Boston College has defended the invite to the Taoiseach and said he was chosen to celebrate the institution’s heritage and relationship with Ireland.Read: Taoiseach has ‘no intention of playing party politics’ over abortion issue > Read: FG and Labour at odds over possibility of amending abortion bill >last_img read more