Thursday, July 29, 2010
Officials from Trump's company have met with a members advisory group at The Point to discuss a possible sale of the club which is built around a Greg Norman-designed golf course.
"Discussions continue," said Lou Ascanio, a member of the club's advisory committee. "It's an option we're looking at but it's not imminent."
Calls to the Trump golf organization were not returned.
Trump has built an impressive portfolio of golf courses. His company owns eight courses in the United States and Puerto Rico and Trump is in the process of building a high-profile and controversial golf development in Aberdeen, Scotland.
The Point is owned by the members but operated by Crescent Communities. Asccanio said the club is scheduled be turned over from Crescent to the membership no later than 2012 which led to the communication with the Trump organization. Any sale would have to be voted on by the club membership.
The Point has more than 1,100 members according to the club website with more than 60 percent holding an equity membership.
Trump's son, Eric, has been on site and was part of a four-hour meeting with the club's advisory board.
"(Trump) wants it," said an individual who attended the meetings but asked not to be identified. "He wants to put his touch and fingerprints on every aspect of it."
Ascanio said discussions are part of an overall process to determine the club's future.
"There are a number of factors we're weighing in determining if that's the right way to go," Ascanio said.
Posted by Observer Sports at 10:07 AM