Trump plans 2,300 new homes at struggling Doral resort [View all]

Donald Trump plans to build 2,300 luxury homes at his Doral golf resort in the Miami area, part of a flurry of recent moves to revive a family business suffering from the one-two punch of a divisive presidency and coronavirus shutdowns.

In a news release Monday,
the 45th president called the plans for his sprawling Trump National Doral resort
“perhaps the most exciting development in the country” but was short on details such as the size of the homes and what they may cost.

The Doral revenue has plunged more than by $33 million, down more than 40%, according to financial statements filed with a federal government ethics office.

As of last year, the Trump company had $125 million borrowed on the property.

https://apnews.com/article/business-lifestyle-donald-trump-858bd2086440ba65365e43d08535f0e8