Trump To Buy Nicklaus Course Development In Fresno, California

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I love commerce. What happens when a small developer bites off more than they can chew and goes belly up in a bad market. Why of course, the big fish come on in and buy their developments at a deep discount. That is what Donald Trump is doing with the Running Horse development near Fresno that features a Nicklaus golf course as it’s centerpiece.

Fresno is part of the worst hit bubble markets in the country. However, the smart money guys know that even the worst markets are profitable if you can get in at the right price. Lots of comments are floating around that the small guys are not going to make it and that is most likely true, but the big boys with the deep pockets will come in and buy most of these projects on the cheap and make their money.

I love capitalism. It is a brutal and unforgiving game, but in the end it is painfully honest.

Purchase price is $40 million for the 420-acre project.
The 780-home housing development is planned around a golf course designed by golfing legend Jack Nicklaus and his son Jack II. Just two holes of the course have been put in so far and no homes have been built.
Repeated efforts to sell the development and golf course had failed and earlier this month it was reported that Mr. Trump had walked away from the deal, too. Central Valley Business Times