Donald Trump's company has completed the purchase of a once-contested piece of property in Rancho Palos Verdes near the ninth and 10th holes of Trump National Golf Club.
Trump's VH Property Corp., which runs the seaside golf course, today completed its payment of $4 million to the Palos Verdes Peninsula Unified School District for an 8.5-acre piece of property refered to as the "Loma del Mar" site.
The payment was part of the terms of a settlement reached in 2004. The agreement, which came after Trump's company sued the school district, required $200,000 in rent for five years and then a $4 million purchase.
Press releases from the school district and Trump follow.
Continue reading Trump finalizes deal with Palos Verdes school district.
