Shawnee Golf Course in Texas is the latest golf course to go bankrupt after Trump’s policies.
Trump is responsible for creating the idea of the private property rights that led to the property being given away to golf course developers and investors.
The golf course is located in the town of Shawnee.
The Trump Organization is now owned by a group of investors led by Donald Trump Jr. and a group called the New York City Development Corporation.
The group, which is also known as Trump Taj Mahal LLC, owns the golf course.
This is the third time Trump has owned golf courses, after buying and operating Trump National Golf Club in 2005 and Trump National Doral in 2011.
Trump owns golf courses throughout the world, but his latest venture, Trump International Golf Links in Ireland, is only in operation for about two months.
He owns a majority stake in the golf courses in his hometown of Queens, New York.
Trump has not said when he plans to sell the golf clubs.
The property has lost millions of dollars.
The company is owned by two hedge fund managers, Stephen A. Schwarzman and Jeffrey Katzenberg.
Trump says he wants to use the money to invest in his own business and make his children rich.
But it also could give rise to litigation, and potentially other legal disputes.
The two hedge funds are not involved in the lawsuit.
Katzenburg said in a statement that the Trump Organization does not benefit from the bankruptcy.
The New York bankruptcy court approved the $1.9 billion purchase price of the golf club in October.
The sale of the property to the New Jersey-based Trump International Resorts LLC was approved on Nov. 12.
The buyer of the Shawnee golf property, the New Haven, Connecticut-based investment firm Avis Properties, said in court papers that it had entered into a memorandum of understanding with the golf association and the Trump group to develop a golf course in Shawnee, which it will develop with a private developer.
In addition, Avis intends to build a hotel and office building there.
The agreement will be submitted for final approval by the New Hampshire bankruptcy court.
Avis is owned in part by a consortium led by Michael Bloomberg, the billionaire former New York mayor and the chief executive of Bloomberg LP.
The president’s son has a long history of building luxury golf courses.
Bloomberg bought the course in 2003.
The course is the largest privately owned golf course outside of Scotland.
Bloomberg owns the course through the Trump Development Company, which also owns the Trump National Tennis Center in New York and Trump International Hotel & Casino in Las Vegas.
Trump also owns multiple golf courses around the world including in Scotland, the Dominican Republic, Mexico and Turkey.
The Golf Links will be Trump’s eighth golf course and his eighth to go under.
He is the only billionaire with seven courses.
Trump announced his decision to sell his golf course after the golf community was shaken by the shooting deaths of five people at a country club in Florida.
The deaths of the gunman at the club in Palm Beach, Florida, and his own death at a police station in Colorado sparked widespread protests, and led to calls for Trump to resign as president.
Trump told The Associated Press that he sold the golf resort to a private equity firm in order to pay down debts.
The news of Trump selling the golf facility in Shawne came on the heels of another Trump golf course going bankrupt, the Trump International Country Club in New Jersey.
The Donald J. Trump National Country Club and Spa in Shawnees demise came after Trump sold the site to an investment firm that was backed by New York real estate developer Daniel Loeb.
Trump was not involved with that sale, according to his attorney, Marc Kasowitz.
The real estate mogul said he sold a stake in his course to the investment group in order “to help pay down his debts and for the benefit of the community.”
The golf facility is located at the intersection of Interstate 90 and Route 7, which connects New York to New Jersey, New Hampshire, Pennsylvania, Delaware, Maryland, Virginia and West Virginia.
Trump Golf Course was built in 1957.
It is located along the banks of the Delaware River, about 30 miles east of Wilmington, Delaware.
The town of 20,000 is home to the American Legion Post 832 and the American School of the Arts.
The clubhouse is the last in a string of former Trump properties in Shawnea.
The Shawnee Golf Club is a former golf course with an estimated 1,000 to 1,500 holes.