Running Horse Golf Course fell on hard times. It went into bankruptcy. It has to renegotiate the 6-year contract with PGA which has announced that a golf course in Florida will host the upcoming tournament. The tournament will be played in Port St. Lucie in Florida according to the Palm Beach Post. Donald Trump is ready to shop in the Fresno Area. Anybody willing to sell to him?
If Trump takes over the project, he will do so free and clear of all liens. That is what he wants. So a lot of creditors will lose beaucoup money. Obviously, Trump will want conditions to take over this project. Many creditors see the potential of the deal. Some agree to lose some money and hope that the billionaire will bring business to the community. Unless somebody else offers money, Trump may have some good cards.
What will happen to Running Horse if Trump does not offer more than $25 million? Many people see only mud and tall grass. The West Side of Fresno will continue to need redevelopment projects.
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