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NEW YORK (AP) – A second Scottish golf complex owned by President Donald Trump posted losses last year, while his company was facing an adverse reaction from Trump, to obstacles to development and to a slowdown in the local economy.
British Companies House report shows Trump International Golf Links near Aberdeen lost 1.3 million pounds sterling ($ 1.6 million at current exchange rates) due to lower revenues thus aggravating the losses suffered by the seaside resort of the North Sea in recent years. The loss was smaller than the year before, as the company reduced some costs, including the elimination of some jobs.
The report comes a few days after the resort town of Trump Turnberry at the seaside of Ireland, on the other side of Scotland, has also recorded losses in millions of dollars.
The Trump company has attributed its Aberdeen results to a plunge into the local economy, but has struggled for years. He lost the legal battle to stop an offshore wind farm, raised objections from environmental regulators on his development projects, fought against angry owners who say Trump intimidated them and they opposed anti-Trump protesters.
Trump's son, Eric Trump, said in a letter accompanying the 2017 results that the resort was still "skyrocketing" in the world's golf rankings, but noted that he had faced setbacks .
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"The drop in oil prices and the economic slowdown in northeastern Scotland have, however, led to a drop in local spending and, as a result, 3% revenue," he wrote.
Despite the difficulties, the president's company plans a major development of the station. In July, his company announced to Scottish local authorities the intention to spend nearly £ 150 million to build The Trump Estate, a residential community of 500 luxury cottages and mansions.
The expansion would include commercial building projects, equestrian and sports centers and 50 "hotel" cottages. If the government approves of this proposal, the company hopes to start work early next year.
Ethics lawyers said any expansion requiring government scrutiny raises the possibility that Trump's activities will get special favors as the UK enters into tough negotiations with the United States over a post-trade agreement. -Brexit.
The Trump International Golf Links, ranked 64th on the best Golf Digest courses, overlooks the North Sea coast, famous for its spectacular and fragile sand dunes that extend to the horizon.
Some local people congratulate Trump Beach Resort for bringing tourists to the area and helping other local businesses, but others are angry with the US president and protested during his visits. Citing Trump's comments on Muslims during the campaign, the Scottish government withdrew him the honorary title of Business Ambassador for Scotland, and an honorary title from a local university was revoked.
