In a surprising turn of events, the controversial Trump Golf Links at Ferry Point in the Bronx will undergo a significant transformation. Bally’s, a well-known gaming and leisure company, has reached an agreement to buy out former President Donald Trump’s lease on the golf course. This decision comes after a legal battle between Trump and the City of New York following the events of the January 6 U.S. Capitol insurrection.
While the exact terms of the deal have not been disclosed, sources familiar with the matter indicate that it involves a multimillion-dollar transaction. The transfer of the Ferry Point Golf Course to Bally’s has received support from the New York City Parks Department, which expressed confidence in the company’s ability to provide a high-quality golfing experience for New Yorkers.
Once the deal is finalized, Bally’s intends to operate the golf course while rebranding it with a new name. This change not only marks the end of Trump’s association with the Bronx course but also signifies a new chapter for the facility. The course itself is known for its picturesque views, including its partial visibility from the iconic Whitestone Bridge.
This development echoes a similar arrangement Trump made with Hilton, where he was bought out of his lease to operate the old Post Office in Washington, D.C., which was subsequently transformed into a luxurious Waldorf-Astoria property.
FAQ:
Q: What company is buying out Trump’s lease on the Bronx golf course?
A: Bally’s, a well-known gaming and leisure company, will be buying out Trump’s lease.
Q: Will the golf course continue to operate under a different name?
A: Yes, once the deal is finalized, Bally’s intends to operate the golf course but will rebrand it with a new name.
Q: What government agency was involved in the legal battle with Trump?
A: The City of New York was involved in the legal battle with Trump regarding the golf course.