Trump's Scotland Project On Schedule
The bankruptcy filing last week of Donald Trump's casino company, Trump Entertainment Resorts, will not affect his golf course project in Aberdeen, Scotland. That according to this report in Monday's Financial Times.
Trump Organization, the business tycoon's company which oversees his golf empire, is privately held -- unlike Trump Entertainment Resorts, which is a public entity, and which Trump has said he has "less than a 1 percent stake" ownership.
Meanwhile, the Aberdeen project is moving ahead on schedule, according to Neil Hobday, its project manager. Hobday said Trump hopes to have final approval for the development -- which will eventually comprise two 18-hole courses, a 450-room hotel and nearly 1,500 homes -- by the end of 2009.
"If we are lucky enough to start digging dirt by this time next year, I would hope we would be playing golf by about the summer of 2012," Hobday told the Financial Times.