Trump back on Point
Published: January 3, 2012
Time posted: 9:33 am
Tags: Donald Trump, Eric Trump, The Point Lake and Golf Club
The Donald is looking at The Point again.
Eric Trump, son of real estate mogul Donald Trump, confirmed exclusively to the Mecklenburg Times Tuesday that his father’s real estate company is once again interested in buying The Point Lake and Golf Club in Mooresville.
“A lot of people at the club were furious that it got to the point where we withdrew,” he said. “They had a small kind of mutiny after we pulled out.”
The company had been looking at purchasing the club from previous owner Crescent Communities and engaged in a lengthy negotiation process. But in December, after some club members said they were opposed to Trump taking over, Eric said the company pulled out of any deal on the property.
Members of the club took ownership of the property from Crescent as of Jan. 1 and Eric said the group is now preparing to take a vote on whether or not Trump should be allowed to purchase the property. The members have until April 30 to make a decision on whether they want to pay Crescent’s asking price of $3 million to take over the club permanently. If they don’t come to a consensus on the $3 million price by the deadline, the price will be $5 million.
“I think a large majority of the members wanted us to take over the course because of the effect on housing values and the money we would put in for maintenance and amenities,” he said. “And there was the reciprocity of being able to play some of the major golf courses in the world.”
If The Point becomes a part of the Trump portfolio, members there will be able to play rounds at various other Trump-owned courses around the world, Eric explained. He also said the appearance of a rift between various club members and the leadership of the club was what caused the company to back out in December.
“We’ve never taken over a course where the membership is unhappy with it,” he said. “Of the last four courses we bought, we got a standing ovation when we took over because we were willing to put in the millions of dollars for improvements when the previous owner had leaky faucets because they wouldn’t put two dollars into the property.”
Representatives of The Point did not return calls for comment for this article.
“We look forward to what that vote is going to say and we suspect, based on feedback we’ve gotten of literally hundreds of calls, letters and emails asking us to reconsider, it will come back in our favor,” he said. “I’m not a confrontational person at all.”