Donald J. Trump Announces Purchase of $4 Million Parcel

 Donald J. Trump Announces Purchase of $4 Million Parcel from Palos Verdes Peninsula Unified School District

New  York,  New  York,  June  4,  2009  –

Donald  J.  Trump  announced  today  that  Trump  National  Golf  Club  –  Los  Angeles  will  pay  the  Palos  Verdes  Peninsula  Unified  School District $4 million to purchase a parcel of land owned by the District.

The closing will  occur  on  June  30,  2009,  and  Mr.  Trump  made  a  $400,000  cash  deposit  yesterday.

Mr. Trump has leased the parcel in question since 2002 and has paid the District over $1 million in rent.
In addition, Mr. Trump has employed numerous students from the District and  allowed  teams  from  high  schools  within  the  District  to  practice  regularly  at  Trump  National free of charge.
Pursuant to California law, the funds received from the purchase are to be used to improve the quality of the district’s 11 elementary, 3 intermediate and 3 high schools which serve thousands of students.

Mr. Trump said: “I am proud to support the students, teachers and families of the Palos Verdes Peninsula Unified School district community by making this very significant purchase.

Unlike  the  Terranea  development,  I  am  not  asking  the  people  of  Rancho  Palos  Verdes  for  a  subsidy  and,  in  fact,  I  am  paying  all  cash.  I  am  also  pleased  to  announce that I will continue to support the community by providing free practice and tee times  to  the  high  schools’  golf  teams  and  by  employing  students  from  the  District  at  Trump National. Each of these decisions has been made with the children in mind.

Contact: David Conforti, General Manager Trump National Golf Club – Los Angeles Phone: (310) 208-9215

http://www.pvpwatch.com/documents/pressreleaseontrumpnational.pdf