Current:Home > ContactTrial testimony reveals gambling giant Bally’s paid $60 million to take over Trump’s NYC golf course -Wealthify
Trial testimony reveals gambling giant Bally’s paid $60 million to take over Trump’s NYC golf course
View
Date:2025-04-23 11:51:35
NEW YORK (AP) — Gaming giant Bally’s paid $60 million to buy the right to operate a public golf course in New York City from Donald Trump’s company, the former president’s namesake son testified Thursday.
The terms of the lease transfer on the former Trump Golf Links Ferry Point hadn’t been disclosed when the deal became public earlier this year. But the price emerged as Donald Trump Jr. was questioned on the witness stand Thursday at the civil fraud trial that’s delving into the ex-president’s finances and the family business’ dealings.
Trump Jr. said the sales price was $60 million, but the Trump Organization had incurred “a lot of costs” over the years, so he wasn’t sure of the net profit.
The Trump Organization managed the 18-hole course, which is visible from the Whitestone Bridge and boasts views of the Manhattan skyline, from 2015 until this year. It’s now called Bally’s Golf Links at Ferry Point.
A phone message left with a Bally’s media relations representative wasn’t immediately returned.
The lease sale came after the city strove to strip the course of its association with the former president after the Jan. 6, 2021, attack on the U.S. Capitol.
Following the insurrection, then-Mayor Bill de Blasio said he would scrap the contract with the Trump Organization, claiming that Trump had incited the rioters and thus given the city legal authority to do so.
A state judge rejected that argument last year. The ruling would have allowed the Trump Organization to operate the course through the expiration of its lease in 2035.
The Bally’s deal was approved by both the city comptroller and the city’s parks department.
Trump Jr. was on the stand Thursday for a second day in the trial of New York Attorney General Letitia James’ fraud lawsuit. She has accused the former president, his company and some executives of inflating his net worth on financial statements that went to banks and insurers to secure loans and make deals.
The former president and other defendants, including his elder sons, Executive Vice Presidents Donald Jr. and Eric, deny wrongdoing.
The former president and current Republican 2024 front-runner is due to testify Monday. He reiterated on his Truth Social media site Thursday that he sees the trial as “RIGGED,” a “Miscarriage of Justice,” and “Election Interference.” James and Judge Arthur Engoron are Democrats.
“The Trump Organization is Financially Strong, Powerful, Very Liquid, AND HAS DONE NOTHING WRONG,” Trump wrote.
veryGood! (6)
Related
- The Super Bowl could end in a 'three
- Why Shakira Compares Pain From Gerard Pique Breakup to Being Stabbed in the Chest
- Trump allies attack Biden on inflation with an old Cheesecake Factory menu. No, seriously.
- Minneapolis police fatally shoot man they say had a gun
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Supreme Court upholds rejection of Trump Too Small trademark in free speech dispute
- Progress announced in talks to resume stalled $3 billion coastal restoration project
- California legislators break with Gov. Newsom over loan to keep state’s last nuclear plant running
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Taylor Swift Reveals the Future of the Eras Tour
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- What could make a baby bison white?
- Miami Dolphins add veteran defensive end Calais Campbell
- US submarine pulls into Guantanamo Bay a day after Russian warships arrive in Cuba
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Andy Cohen Has This Message for RHONJ Fans Worried About a Cast Reboot
- Taylor Swift fans shake ground miles away during Eras Tour concert in Edinburgh, Scotland
- President Biden says he won’t offer commutation to his son Hunter after gun sentence
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Johnny Canales, Tejano icon and TV host, dead at 77: 'He was a beacon of hope'
Garcia’s game-ending hit off Holmes gives Royals 4-3 win over Yankees
Celtics on the brink of an 18th title, can close out Mavericks in Game 4 of NBA Finals on Friday
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
The Eagles are officially coming to the Las Vegas Sphere: Dates and ticket details
How to watch the 2024 Tony Awards: A full rundown on nominees, host and our predictions
Barkov, Bobrovsky and the Panthers beat the Oilers 4-3 to move within win of Stanley Cup title