Trump wins approval for resort in Scotland

Scottish government officials have given the green light to a controversial £1 billion golf resort project on the North Sea coast proposed by U.S. real estate tycoon Donald Trump.

The decision by national leaders overrules a rejection of Trump’s development near Aberdeen last November by a local planning authority. In taking control of the decision-making process, government ministers said the importance of the project to the nation justified the action.

Deal for last 2 GTA courses reached

Golf Trust of America, a former real estate investment trust that once owned 47 golf courses in 17 states, has reached an agreement to sell the final two properties in its portfolio.

Under terms of the deal, expected to be finalized in late January, WildeWood Farms Country Club and The Country Club at Woodcreek Farms, will be purchased by the members for a reported $4.1 million. The two courses are located in Elgin, S.C.

GTA in July 2007 sold its largest property, the Innisbrook Resort in Palm Harbor, Fla., to Salamander Hospitality for an estimated $35 million.


Subscribe to Golf Inc. Magazine RSS