Donald Trump’s lawyer, George Sorial, has announced that the tycoon’s controversial Golf Resort at Balmedie in Aberdeen is ‘full steam ahead’ with the golf course, club house, maintenance facilities and hotel. However, because of the recession, the 500 new homes planned as part of the resort are in limbo for the time being. It could be several years before these are built.
Mr Sorial knows how to talk up confidence. In suggesting there could be more Trump projects to come, he says – vaguely: ‘I wouldn’t be surprised if we made some announcements in 2009 all over the world. When we have a market like today, there’s a lot of opportunity for a developer with cash. We could be talking about Scotland and the UK. People will be pleasantly surprised. This time next year, there will be no doubt about our intentions to Scotland’.
This glosses neatly over problems the recession and the scarcity of credit have been causing for some of Trump’s companies – as For Argyll has reported earlier (see below). However, in the structure of the Trump financial empire, each company is a standalone and his personal fortune is isolated from them all.
At least Argyll’s ground-breaking eco golf links course at Machrihanish near Campbeltown – Maachrihanish Dunes – is built and due to open in May 2009 (see story below).
Earlier For Argyll stories about Trump and the recession – and about Machrihanish Dunes - are:
- Trump empire in trouble. Where does that leave Balmedie Golf Course?
- Trump’s answer to concerns about Balmedie Golf Resort project
- Major Argyll Golf Resort for Kintyre
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