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Trump plans Puerto Rico project
With a Tampa tower still an undeveloped lot, the mogul looks to build a $600M golf club.
By Times staff and wires
Published February 16, 2008
This sounds familiar: New York real estate tycoon Donald Trump sweeps into a community far to the south to announce a partnership he promises will transform the area. That didn't work out too well for downtown Tampa, which was supposed to be the site of a landmark skyscraper bearing Trump's name, but remains an undeveloped lot three years later. This time, the target is Puerto Rico, as Trump on Friday announced a partnership to build a $600-million golf complex on the island's northern coast. The Trump International Golf Club Puerto Rico, to be developed with local construction company Empresas Diaz Inc., will include 500 residences on a 1,000-acre site between the Atlantic coast near San Juan and the U.S. territory's tropical rain forest. The first 56 villas, to be sold at prices starting at $1.4-million, include access to a private jet, a yacht and limousine service. "We're building something that's going to be known all over the world," Trump said at a news conference before clinking champagne glasses with Gov. Anibal Acevedo Vila.
[Last modified February 15, 2008, 23:15:14]
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