“We see hundreds of golf clubs every month,” the younger Trump told Boykin, “and we would have put tens and tens of millions into The Point.”
Now members are left to figure out what to do with a golf club that Crescent Resources, the developer, is set to turn over to them next month. It remains to be seen if members who favored the deal and those who did not can work together to come up with the $3 million required to pay Crescent, or to find a more acceptable new owner. Stay tuned.
Donald Trump’s organization is attempting to purchase a lakeside golf community country club north of Charlotte, NC, and as in all public Trump dealings, the script reads, “There will be controversy.”
According to local news reports and one club member who spoke on condition of anonymity, the Trump organization, with The Donald’s son Eric leading the negotiations, has been interested in The Point Golf Club
The golf club’s advisory board is coming under fire from some members who say they have been left in the dark on details of the negotiations and that they have proof the board has secretly negotiated a deal with Trump to purchase the club. That “proof” includes attorneys’ invoices that indicate the deal is done, according to our source, even though a majority of members must approve any sale. The dissident members fear that a Trump purchase could result in their private club becoming open to the public, that a hotel could follow, that the club will take on a lot of debt and that members will be asked to pony up dramatically increased fees. Without a clear understanding of Trump’s plans, the dissident members say, they will not know what they are voting for (or against) until shortly before the vote.
According to an article in Friday’s Charlotte Observer, a statement from the advisory board indicates, "There will be plenty of time and opportunities for the members to learn about and debate these options."
One of my current customers will be relocating to a Charlotte-area golf community in the next few months. The Point fits most of his and his wife's criteria except one -- predictable golf fees. "Trump would surely turn The Point into a world-class facility," my customer wrote me after I gave him a heads up about The Point, "but I would bet everything I own he would substantially increase the cost to existing members and make it available to the public, at least semi-private."
The Point's members are considering exactly the same thing.
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