Donald Trump Sues Calif. Town for $100 Million

22 December 2008

The Independent reports that billionaire Donald Trump, chairman of the troubled Trump Entertainment Resorts Inc., is suing the town of Racho Palos Verdes, Calif., for $100 million.

According to published reports, Mr. Trump claims the town has been delaying the new construction of luxury homes on his golf course, which he built in 2002.

“I've been looking forward for a long time to do this,” Mr. Trump told the Los Angeles Times on Friday regarding the lawsuit. “The town does everything possible to stymie everything I do.”

On Friday, the Financial Times reported that Trump Entertainment Resorts could soon become a privately held company.