Trial testimony reveals gambling giant Bally's paid $60 million to take over Trump's NYC golf course
Donald Trump Jr. has testified that gaming giant Bally’s paid $60 million to buy the right to operate a public golf course in New York City from his father's company
NEW YORK (AP) — Gaming giant Bally's paid $60 million to buy the right to operate a public golf course in New York City from Donald Trump's company, 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.
The Trump Organization managed the 18-hole course, which is visible from the Whitestone Bridge and boasts views of the Manhattan skyline, from 2015 until this year. It's now called Bally’s Golf Links at Ferry Point.
