EarthGolf

After pulling his $30 million dollar offer last week, Donald Trump has become an outsider in the ongoing soap opera of the Running Horse project. Hard to blame him - the original developer failed to acquire a number of parcels that would logically be part of the project. Trump wasn’t able to acquire the parcels, and has pulled out of the project for now.

Trump representatives repeatedly said last week that Trump’s vision for Running Horse wouldn’t work unless the developer acquired the privately owned parcels sprinkled throughout the project. Trump lawyer Michael Cohen called them “missing pieces of the puzzle.”

The challenge for Trump was buying the parcels at a price he could bear. Cohen said some property owners mistakenly viewed Trump as “an open piggy bank.” Translation: Trump and the property owners couldn’t agree on what is a fair price.

It hard to fault the land owners asking for the moon. Although, they would have been in a better position had the project not been in bankruptcy. However, when Donald Trump shows up on your doorstep, and you know you’ve got something he wants, who can blame you for asking an absurd price? Trump, however, is a smart business man and has gone back to waiting on the sideline. In the meantime, the City will attempt to acquire the parcels at “fair market value”. The City is also threatening the use of eminent domain on the parcels - hopefully it will not come to that.

Popularity: 8% [?]