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	<title>Golf Capital Magazine &#187; California</title>
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		<title>Donald Trump vs the city of Rancho Palos Verdes</title>
		<link>http://www.golfcapitalmagazine.com/2010/02/donald-trump-wants-out-of-the-discount-wedding-business/</link>
		<comments>http://www.golfcapitalmagazine.com/2010/02/donald-trump-wants-out-of-the-discount-wedding-business/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 20:54:51 +0000</pubDate>
		<dc:creator>Dana  Nichols</dc:creator>
				<category><![CDATA[Courses]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Private]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[David Conforti]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Rancho Palos Verdes]]></category>
		<category><![CDATA[Steve Wolowicz]]></category>

		<guid isPermaLink="false">http://www.golfcapitalmagazine.com/?p=832</guid>
		<description><![CDATA[Trump takes action to put an end to discount weddings near Trump National Golf Club in Rancho Palos Verdes that cause slipping sales ]]></description>
			<content:encoded><![CDATA[<p>In California at the Trump National Golf Club in Rancho Palos Verdes it can cost a couple $150,000 to get married.</p>
<p>But for a fraction of the cost city residents can enjoy similar oceanfront views while saying their &#8220;I dos&#8221; at a small city park a chip shot away from Trump&#8217;s golf course for $585. ($915 for nonresidents)</p>
<p>Trump manages Founders Park rentals for the city and says he either wants out of the discount wedding business or, raise the price for a three-hour ceremony in the city park to $2,670 for residents and $3,000 for nonresidents. $2,250 of that would go to the golf course.</p>
<p>Trump&#8217;s general manager,  David Conforti, informed the city in a letter that the golf course is losing money on the current deal. Conforti stated that because people say they are getting married at &#8220;the Trump,&#8221; guests assume they have the same use of the facilities as the $300-a-round golfers and those paying full fare to get married at &#8220;the Trump.&#8221;</p>
<p>In the letter Conforti explained that wedding guests take over locker rooms, wander around the golf course, annoy people by taking group photos and get rowdy. Conforti added, [bridal parties] &#8220;naturally expect to be able to use the facility with little regard to other guests.&#8221;</p>
<p>Tom Odom, the city&#8217;s interim director of recreation and parks, said it might be time for Founders Park to divorce itself from the wedding business.</p>
<p>For the past three years Trump has been managing the park rentals, but the contract expired in December. Odom&#8217;s recommendation was pulled off the City Council agenda this week so staff members could negotiate with the golf club, Mayor Steve Wolowicz said.</p>
<p>It is reported that  Donald Trump&#8217;s relationship with Rancho Palos Verdes has been a rocky  one almost from the beginning.</p>
<p>Trump wanted the city to rename Ocean Trails Drive to Trump National Drive and sued the school district over the lease on land it owned in the golf course and illegally planted ficus trees to block from view homes he deemed unsightly.</p>
<p>A 70-foot flagpole was erected flying a nearly 400-square-foot flag that put Trump in a fued with the California Coastal Commission.   Most recently, he sued  the city for $100 million, accusing it of fraud and civil rights violations.</p>
<p>&#8220;His persona is not a public secret,&#8221; the mayor said. &#8220;That manner has continued in his relationship with our community. He is a very forceful person, and when something doesn&#8217;t agree with him, he doesn&#8217;t hesitate to file a lawsuit, and he is contentious.&#8221;</p>
<p>Wolowicz said many of Conforti&#8217;s complaints about the city park weddings seem reasonable. &#8220;We need to address what is fair to everybody concerned,&#8221; he said.</p>
<p>In  an e-mail statement from Conforti he said, &#8220;I&#8217;ve had very constructive dialogue with the city staff and we are moving ahead together toward establishing a plan for the future of weddings in the park.&#8221;<br />
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		<title>Arnald Palmer&#8217;s grandson set to appear in PGA Tour&#8217;s Bob Hope Classic</title>
		<link>http://www.golfcapitalmagazine.com/2010/01/arnald-palmers-grandson-set-to-appear-in-pga-tours-bob-hope-classic/</link>
		<comments>http://www.golfcapitalmagazine.com/2010/01/arnald-palmers-grandson-set-to-appear-in-pga-tours-bob-hope-classic/#comments</comments>
		<pubDate>Thu, 07 Jan 2010 09:00:05 +0000</pubDate>
		<dc:creator>Dana  Nichols</dc:creator>
				<category><![CDATA[Pro Athlete]]></category>
		<category><![CDATA[Arnold Palmer]]></category>
		<category><![CDATA[Billy Mayfair]]></category>
		<category><![CDATA[Bob Hope Classic]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[David Duval]]></category>
		<category><![CDATA[Jamie Lovemark]]></category>
		<category><![CDATA[Joe Ogilvie]]></category>
		<category><![CDATA[La Quinta]]></category>
		<category><![CDATA[PGA Tour]]></category>
		<category><![CDATA[Rickie Fowler]]></category>
		<category><![CDATA[Rocco Mediate]]></category>
		<category><![CDATA[Steve Elkington]]></category>

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		<description><![CDATA[Five time Bob Hope Classic winner Arnold Palmer will watch his grandson follow in his footsteps at the 2010 PGA Tour event. ]]></description>
			<content:encoded><![CDATA[<p>PGA Tournament officials said Monday that Arnold Palmer&#8217;s grandson Sam Saunders was awarded an unrestricted exemption for the Bob Hope Classic.</p>
<p>Other sponsor&#8217;s exemptions went to 1999 Bob Hope Classic winner David Duval, Steve Elkington, Billy Mayfair, Rocco Mediate, Rickie Fowler, Joe Ogilvie and Jamie Lovemark.</p>
<p>The 2005 U.S. Junior Amateur medalist 22-year-old Saunders turned pro last year after a successful amateur career at Clemson. Palmer has secured the Bob Hope Classic five times during his career.</p>
<p>The event will take place January 18-24 in La Quinta, CA.</p>
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		<title>Malibu Country Club battles for survial.</title>
		<link>http://www.golfcapitalmagazine.com/2009/11/malibu-country-club-battles-for-survial/</link>
		<comments>http://www.golfcapitalmagazine.com/2009/11/malibu-country-club-battles-for-survial/#comments</comments>
		<pubDate>Wed, 18 Nov 2009 10:00:28 +0000</pubDate>
		<dc:creator>Dana  Nichols</dc:creator>
				<category><![CDATA[Courses]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Private]]></category>
		<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[California National Bank]]></category>
		<category><![CDATA[Chapter 11]]></category>
		<category><![CDATA[golf bankruptcy]]></category>
		<category><![CDATA[Malibu Country Club]]></category>

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		<description><![CDATA[Malibu Country Club plans to continue negotiating with California National Bank over debts of $35.8 million.]]></description>
			<content:encoded><![CDATA[<p class="MsoPlainText">Malibu Country Club  partially owned by former Lehman Brothers CEO Richard Fuld may be closing its doors after a loan extension came up short on November 5th leading to a Chapter 11 filing.</p>
<p class="MsoPlainText">The Malibu Country Club conducts business under the name of Malibu Associates and is home to a 10,000 square foot club house and an 18-hole golf course that was built by a group of Japanese monks in 1977.</p>
<p class="MsoPlainText">In the Chapter 11 report it listed assets of $42.9 million and debts of $35.8 million. Bankruptcy chair at Kayne Scholer Marc Cohen is advising Malibu Associates along with counsel Ashleigh Danker. Bankruptcy records show the Los Andgeles based firm has been paid $150,000 for restructure work as well as $50,000 dollars worth fees from Santa Barbara firm Cappello &amp; Noël and $6,344 to Irvine firm Blakely &amp; Blakely for restructure work.</p>
<p class="MsoPlainText">Under a company called RSR Jr. LLC, Fuld owns 5+/-% of Malibu Associates and was at the helm of the 4th largest investment bank when it collapsed leading to the largest filing of bankruptcy in the U.S. history of $613 billion dollars.</p>
<p>Malibu Associates owes $34.6 million to the California National Bank which froze the club&#8217;s line of credit in May. U.S. Bancorp acquired California National Bank&#8217;s assets after it was seized by federal regulators last week.</p>
<p>It is said Malibu Associates plans to continue negotiating with the bank regarding the loan.</p>
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