Tuesday, January 10, 2012
Sweet deal for Donald
From the Daily News:
Looks like the Donald trumped the city in bidding for a 20-year deal to run a $97 million taxpayer-funded public golf course long considered a Bronx boondoggle.
Under a proposed deal with the Parks Department, the oft-delayed 18-hole course will bear the billionaire developer’s name when it opens in spring 2014: Trump Golf Links at Ferry Point Park.
For its first four years of operation, he will have no financial obligation to the city — and in year five, the compensation will only be $300,000, the Daily News found.
In contrast, a hot dog vendor agreed three years ago to pay the city more than $600,000 annually for a lease to peddle tube steaks outside the Metropolitan Museum of Art.
A review of the proposed Trump agreement also shows “The Apprentice” puppet-master received city approval to run the public course as a part-time private playground.
The ex-presidential hopeful would control 20% of the weekday tee times for private use without any Parks Department oversight.