Trump to Purchase 8.5 acre parcel from Palos Verdes School District

ByMaureen Megowan Knowledge

Donald Trump has deposited $400,000 as a deposit on the $4 million purchase of an 8.5 acre of land owned by the Palos Verdes Unified School District. This land purchase is part of a 2004 settlement of a lawsuit between Trump and the School District which called for Trump to lease the land for $1million a year and then to purchase the land. The money, however, can only be used by the School District for Capital Improvements, by law, nad will not be available to meet the large projected budget deficits due to State budget Issues.

Trump National Golf Course

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