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Trump's Scotland golf resort proceeds with expansion despite business pledge
Source: The Guardian
Trump's Scotland golf resort proceeds with expansion despite business pledge
President-elect’s team does not consider multimillion-dollar plans
in conflict with written vow to end new foreign investments,
which critics call ‘ambiguous’
Severin Carrell Scotland editor
Saturday 14 January 2017 16.22 GMT
The Trump Organization will press ahead with multimillion-dollar plans to expand one of the president-elect’s golf resorts in Scotland, despite its apparent pledge to halt new investments overseas.
Trump officials said the plans for the Trump International Golf Course Scotland in Aberdeenshire – likely to immediately involve extending its boutique hotel and building a second 18-hole golf course – did not conflict with his promise not to pursue new or “pending” deals outside the US.
“Implementing future phasing of existing properties does not constitute a new transaction so we intend to proceed,” a Trump Organization spokeswoman told the Guardian.
The expansion plans could see the resort grow substantially, with a new 450-room five-star hotel, timeshare complex and private housing estate. This would greatly increase the value to the Trump Organization of an investment on which Trump originally boasted he would spend up to £1bn.
[font size=1]-snip-[/font]
President-elect’s team does not consider multimillion-dollar plans
in conflict with written vow to end new foreign investments,
which critics call ‘ambiguous’
Severin Carrell Scotland editor
Saturday 14 January 2017 16.22 GMT
The Trump Organization will press ahead with multimillion-dollar plans to expand one of the president-elect’s golf resorts in Scotland, despite its apparent pledge to halt new investments overseas.
Trump officials said the plans for the Trump International Golf Course Scotland in Aberdeenshire – likely to immediately involve extending its boutique hotel and building a second 18-hole golf course – did not conflict with his promise not to pursue new or “pending” deals outside the US.
“Implementing future phasing of existing properties does not constitute a new transaction so we intend to proceed,” a Trump Organization spokeswoman told the Guardian.
The expansion plans could see the resort grow substantially, with a new 450-room five-star hotel, timeshare complex and private housing estate. This would greatly increase the value to the Trump Organization of an investment on which Trump originally boasted he would spend up to £1bn.
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Read more: https://www.theguardian.com/us-news/2017/jan/14/trump-scotland-golf-resort-conflicts-of-interest
