LONDON (AP) — Authorities in Scotland have approved plans by President Donald Trump’s family business to build a second golf course in Aberdeenshire, despite campaigning from environmental activists.
The Aberdeen council published documents Friday showing it gave full planning permission for the development, subject to some conditions such as measures to minimize the flooding risk at the site, located on Scotland’s northeast coast.
The 18-hole golf course, to be named MacLeod after Trump’s mother, Mary Anne MacLeod, would be built next to the original Trump International golf resort on his Menie Estate, north of Aberdeen, which opened in 2012.
Local district officials had already approved the plan for the second course in September. Friday’s decision came from the larger Aberdeen council and is expected to be final.
Environmentalists have criticized the first Menie golf course for partially destroying the coastal sand dunes in the area, and say the second course could cause the dunes to further erode.
“The council sided with Trump International,” said Bob Ward with the London School of Economics’ Grantham Research Institute on Climate Change and the Environment. “They accepted the economic case over the environmental case.”
The existing golf course and luxury hotel at the estate have not been profitable since they opened. Trump also owns another luxury golf resort, Turnberry, on the other side of Scotland.
Before you consider ANN, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ANN wasn't on the list.
While ANN currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
