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Trump's Fresno Golf Course Deal Falls Through

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Jul 29, 2007 2:33 pm US/Pacific

Trump's Fresno Golf Course Deal Falls Through

FRESNO, Calif. (AP) ― Donald Trump has withdrawn his $30 million offer for the bankrupt Running Horse golf and residential development in Fresno.

Trump representatives say they are frustrated by failed attempts to buy several privately owned parcels in the middle of the project at an acceptable price.

And the billionaire developer was surprised to learn the area in southwest Fresno had too much open land and too few blighted buildings to qualify as a redevelopment area, which carries tax benefits.

But Trump's daughter said at a downtown Fresno news conference on Friday that her father is not giving up on Running Horse.

Also, Fresno Mayor Alan Autry said he will ask state lawmakers for special legislation that would enable the area to get the redevelopment area status.

(© 2007 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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