Eric Trump, third from left, and Donald Trump Jr., defective from right, talk with guests at the opening of the Trump Golf Links clubhouse, Monday, June 11, 2018, in the Bronx, New York.
Specify Lennihan | AP
Trump Ferry Point, the Bronx golf course operated by President Donald Trump’s company, extinct more than $122,000 in the past year, a financial statement shows.
The income statement covering April 2018 to Pace 2019 was first reported by The Washington Post and later obtained by CNBC.
The Post reported that the golf dispatch, which opened in April 2015, posted its first-ever operating loss this year, despite a gilded obligation in which New York City agreed to cover its irrigation bills and its first four years of rent.
The company’s resolution for the loss in spite of the sweetheart deal: a faulty gas pipe installed by the city that delayed a construction project.
The write-up’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 orifice 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 profits during this period.”
“Therefore, these expenses should not be counted against the 2018-2019 fiscal year’s net proceeds,” it says.
The clubhouse’s projected revenue of about $543,000, if included, would have given the golf course a net proceeds gain of $421,000, according to the financial statement.
New York City Parks Department spokeswoman Crystal Howard, who accommodated the financial statement to CNBC, said in a response: “We are aware of their claim and do not believe the City is responsible.”
The Picket reported that in previous years, Trump Ferry Point had posted profits of about $500,000 per year. But the lecture, which is located in progressive Democratic Rep. Alexandria Ocasio-Cortez’s district, has seen a dwindling number of rounds played every year since its look-in, according to the newspaper.