The company's explanation for the loss, despite the sweetheart deal: A faulty gas pipe installed by the city that delayed a construction project.
Trump Ferry Point, the Bronx golf course operated by President Donald Trump's company, lost more than $122,000 in the past year, a financial statement shows.
Eric Trump, third from left, and Donald Trump Jr., second from right, talk with guests at the opening of the Trump Golf Links clubhouse, Monday, June 11, 2018, in the Bronx, New York.Trump Ferry Point, the Bronx golf course operated by President Donald Trump's company, lost more than $122,000 in the past year, a financial statement shows.and later obtained by CNBC.
The report's expenses "were incurred in anticipation of the June 2018 opening of the new Clubhouse," a note in the financial statement says. "Since the Clubhouse opening was delayed until 2019 due to the inadequate gas pipe installed by the City, Licensee was not afforded the opportunity to derive the projected Clubhouse revenue during this period."
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