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He dumped the land because it was useless. It was a bad business decision, he couldn't develop it so he 'donated' it -- meaning dumped it.
Think of it like the folks who walked away from their house because they owed more than it was worth.
Apparently he bought the property for 2 million with plans to develop it. Found out it there were too many problems to be able to develop it. So he "donated" it...and then wrote it off as being worth 100 million.
Apparently he bought the property for 2 million with plans to develop it. Found out it there were too many problems to be able to develop it. So he "donated" it...and then wrote it off as being worth 100 million.
That 100 million seems to pop up b ut in 2016 official Trump statement was they valued it at 26 milllion.
It would be like if you walked away from your house and told the bank you donated a million dollar home --- when it was valued at 500K......
I bet your house was valued alot differently in 1990 verses 2005, either way its premier land that warranted a State Park.
The topic is the bigotry and hatred to change land named after its donor.
The name change stuff started in 2015 . Bigotry?
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