Trump's Conflicts of Interest in Mexico
Trump's Conflicts of Interest in Mexico
- In 2006, President Donald Trump and Los Angeles-based real-estate development company Irongate announced plans to develop a Trump-branded resort in northern Baja, Mexico, to be called Trump Ocean Resort Baja Mexico. Trump and the developers spent two years marketing the resort and selling units. In short order, more than 80 percent of the condo units were sold, collecting a total of $32.5 million in buyer deposits. However, the resort was never built, although the Trump Organization still reportedly collected $500,000 in licensing fees.
- In 2006, President Donald Trump and Los Angeles-based real-estate development company Irongate announced plans to develop a Trump-branded resort in northern Baja, Mexico, to be called Trump Ocean Resort Baja Mexico. Trump and the developers spent two years marketing the resort and selling units. In short order, more than 80 percent of the condo units were sold, collecting a total of $32.5 million in buyer deposits. However, the resort was never built, although the Trump Organization still reportedly collected $500,000 in licensing fees.