Jul 27 2019

Walk Spoiled

I’m not quite sure why I’ve turned into the Site’s resident Golf Expert in the same way I’m not sure why I’m the resident Economist. Someone has to do it I suppose and it’s true enough that I play and have been involved with a Charity Tournament or two (great fundraisers), keeping as far away from actual Golfers, pros, celebs, and spectators (the only thing more horrible than watching Golf on TV is watching it live) as I possibly can. In general they are as Racist as you would expect in that casual way which laments the prospect of seeing a circumcised schlong in the communal Clubhouse Shower and resents the fact ladies get individual accommodations instead of a cigarette butt filled trough.

Besides you only shower at the Club to wash the scent of your Secretary off before you go home after a hard day of “work” to the wife and kidlings for a “normal” dinner anyway.

Real golfers, no matter what the provocation, never strike a caddie with the driver. The sand wedge is far more effective.

I am still trying to puzzle out if the Romanov Seal meets the 14 club limit (you are only allowed so many in the bag). Zen Golfers carry a 3 Wood, a 2 Iron, a 5 and a 9 Iron (who needs Wedges?), and a Putter (Into the Fairway, into the Trap, into the Trap, over the Green, 3 Putts. That’s a 5.).

In other News it’s hardly surprising that Unindicted Co-conspirator Bottomless Pinocchio, a man who bankrupts Casinos (a feat rarely attempted because of difficulty), is finding it hard to make money on hs sweetheart Course Management deals.

Trump golf course in the Bronx lost money last year, city documents show
By David A. Fahrenthold, Washington Post
July 26, 2019

President Trump’s company operates a city-owned golf course in the Bronx under a contract that makes it far easier for Trump to turn a profit. New York City agreed to pay Trump’s massive irrigation bills. And, for the first four years, it didn’t require Trump to pay a cent in rent on 192 acres.

Despite all that, Trump’s course lost money for the first time last year — running $122,000 in the red, according to a new filing with the city.

The loss for the past operating year, from April 2018 to March 2019, is the latest bad financial news for Trump Golf Links at Ferry Point. It comes as other Trump golf courses — from his Doral resort in Florida to his expensive courses in Scotland and Ireland — have reported declining revenue, or outright losses, during Trump’s polarizing presidency.

In the Bronx, Trump’s stubbly, Scottish-style course is built on top of an old landfill, with views of the East River, two huge bridges and the coast of Queens. It opened in April 2015, two months before Trump entered the 2016 presidential race.

ince then, the course — located in the district of liberal Rep. Alexandria Ocasio-Cortez (D) — has struggled. The number of rounds played has declined every year. Overall revenue has fallen 14 percent, according to documents filed with the city.

The latest filing — an annual “income statement” in which Trump’s company summarized the club’s income and expenses at the city’s course — was released by the city parks department after a public records request.

Before last year, the Bronx golf course had managed to turn a profit of about $500,000 per year — helped by the city paying its water bills and not asking for rent.

Last year, however, the club’s expenses rose faster than its revenue, according to the Trump Organization’s filing. It fell into the red.

“He’s managed to do the impossible: Get this amazing gift from the city, and lose money,” said Geoffrey Croft, of the watchdog group NYC Park Advocates. He said one major problem was “the terrible reputation of the Trump name” in New York, after Trump’s rise as a hard-right politician. Croft also blamed the Trump club’s high greens fees, which top out at $224 per round. Most of the city’s other public courses charge $53 at most.

Trump’s clubhouse is now fully open, which could bring in more revenue for next year.

But now, Trump’s company faces a new challenge in the Bronx: Its four years of free rent are over. Next year, the club will have to pay the city at least $300,000 in fees.