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Posts tagged ‘Flying Restrictions Palm Beach’

6
Feb

How The Donald Beat the FAA

Back in 1985, Donald Trump (“The Donald”) purchased Mar-a-Lago, the Marjorie Merriweather estate (a 110,000 square foot National Historic Landmark on 17 acres of land that span from the ocean to the intracoastal in Palm Beach) for $8 million (about $18 million in today’s dollars). He renovated the estate and turned the property into a private club in 1995 (requiring a $25,000 initiation fee which has since been raised to $200,000), although he maintains private living quarters on the property for he and his family. Ironically, the initial initiation fee was a bargain (the buying power of $25,000 in 1985 is $40,000 in 2017 dollars) compared to the cost to join in 2017. Read more »