Donald Trump Continues Efforts To Own Charlotte Area Country Club

Donald Trump Continues Efforts To Own Charlotte Area Country Club

March 8, 2012

Donald Trump was in Charlotte Wednesday to meet with residents at The Point Lake and Golf Club in Mooresville, continuing his push to purchase the country club.

The real estate mogul and NBC reality star spoke at a members-only town hall meeting at the country club and has a deal in the works with Crescent Communities, the current owners, to purchase the property. But before Trump can seal the deal, the members must vote in favor of the sale.

Trump is believed to be offering roughly $7.1 million for the club, which includes a Greg Norman-designed golf course. He has pledged to spend millions on capital improvements. Some homeowners, however, have resisted a sale, fearing Trump could raise fees and prices and change the club’s quiet, Nantucket feel.

Members are expected to vote on a sale at the end of the month.

By buying The Point, Trump would be betting on Charlotte’s continued affluence.

With some homes still selling for $1 million-plus and averaging 4,500 square feet to 5,000 square feet, The Point has attracted high-powered doctors, executives and retirees. But homes there have suffered with the rest of the real estate market, and prices have fallen.

Trump said despite the weak economy, he’s bullish on the Charlotte area.

“I think Charlotte has a great future. I think the whole area is great. The people, the energy. That’s why we’re going to be doing this deal,” he said.

“They have some great people there, and I think we can bring that course to the next level,” he said. “It will be a magical place.”

The Point, off Brawley School Road in Mooresville, is owned by members but controlled by its developer, Crescent Communities. Crescent is due to transfer control to members.

The club’s board of governors invited the Trumps, whose company owns 12 clubs, to consider purchasing The Point more than two years ago.

www.the-pointclub.com

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