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Trump Completes Links Purchase

November 27, 2002|Roger Vincent

Donald Trump's $27-million purchase of Ocean Trails Golf Course in Rancho Palos Verdes closed Tuesday, the real estate mogul said.

Trump may spend as much as $30 million upgrading the course before opening it in the second half of 2003. He said he will announce his plans for the makeover within two weeks.

The New York-based developer said he is torn between making Ocean Trails an exclusive private golf club or a high-end public course. Deed restrictions call for it to be open to the public.

The property also includes land zoned for as many as 75 homes.

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