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.

Running Horse developer's death under investigation

Authorities in Fresno, Calif., are still investigating the death of one of the developers of the controversial Running Horse Golf Club project.

The body of Scott Webb, 46, was found in a Fresno-area motel in September. A spokesman for the Fresno County coroner said it did not appear that foul play was involved, though no cause of death was immediately released.


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