Posted on 05/15/2019 10:56:47 AM PDT by DoodleDawg
IMHO, the “Washington Post” should invest less of its “reporters’” time on “so-what?” articles, like this one that “reports” that Trump’s accountant is working to lower his property tax bill for the Doral. SO WHAT? This is NOT news.
IMHO, the “Washington Post” should invest more of its reporters’ time “investigating” real questions, like whether the foreigners who paid those huge bribes to the Clinton Foundation received all the special treatment from our State Department that they paid for.
Of course if Mayor Pete owned it, the revenue would be off the charts. He would be considered a genius turning it into a frisbee golf destination and, the crown jewel in the tiara, host of the World Cornhole Championship.
Perhaps Tiger has regained enough clout to put some pressure on the PGA re Doral.
The 10 million figure is probably because it lost a PGA tour event.
Nice to know Jeff Bozo remains concerned about Trump’s welfare.
Well, so much for the emoluments clause as an impeachment article. If Trump's business profits are falling, then clearly foreign governments aren't trying to buy influence through use of Trump properties.
Every time I see the word “Doral” the first thing that pops into my head is “Taste me, Taste me!”
From a TV commercial for Doral cigarettes. It left me permanently scarred.
not. even. worried.
How the golf course got its name:
1950-1980
In the late 1950s, real estate pioneer Doris and Alfred Kaskel purchased 2,400 acres of swampland between NW 36 Street and NW 74 Street and from NW 79 Avenue to NW 117 Avenue for about $49,000 with the intention of building a golf course and hotel. In 1962, the Kaskel’s dream came true when they opened a hotel and country club that featured the Blue, Red and Par 3 golf courses. They named it Doral - a combination of Doris and Alfred.
According to a story in The Miami Herald, Alfred was born in Poland and migrated to New York when he was 21 years old and became a real estate developer. His first project was building 15,000 apartments in New York. After marrying Doris, the Kaskels moved south and built the Doral Beach Hotel and the Carillon Hotel on Miami Beach. Once the Country Club was built, guests were transported from the Beach to the Country Club for a day on the golf course.
As Doral’s very first structure, the Doral Hotel and Country Club became the area’s hot spot. In the second year of operation, the Kaskels hosted the first Doral Open Invitational, Florida’s major PGA event. After ownership changed through the years, Donald Trump bought the Club in 2012 for $150 million and its name changed to Trump National Doral Golf Club. It continues to be internationally known for its golf courses, especially the Blue Monster, and it hosted the PGA Tour Tournament until 2016.
https://www.cityofdoral.com/about/doral-history/
I don’t see how income associated with a property affects its tax bill. A business will become more or less valuable depending on its cash flow, current and projected. The real estate value should be based on what a willing buyer would pay a willing seller for it. A business may be going broke, but its real estate value depends on different factors.
Why would I care about the success or failure of one of his businesses?
I guess that explains the revenue drop in 2017. Too bad the reporter didn't want to tell the truth.
A like Doral derives it’s value from the net operating income it is anticipated to produce with the market value directly proportional to the net operating income. I don’t know about Florida but in some taxing jurisdictions, an income property owner has the option of giving the government income and expense information or not. If not given, the taxing authority will assess the property using similar properties as tax comparables. In the real property tax assessment appeal world, the owner with the real good numbers will likely withhold them at appeal time and the owner of an alligator will likely gladly hand them over to the assessor.
Tim Finchem, who made the decision to move the tournament, used to work for Jimmy Carter.
Yep. The PGA moved that tournament to MEXICO!
Exactly what I was thinking.
It also proves that there is only 20% of hardcore Dems who won’t use the facility anymore.
“Nice to know Bezos is concerned about Trump’s welfare.”
With Walmart initiating one-day delivery for online purchases, Bezos should start worrying about his own business.
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