Trump Lowers Bid for Doral

The Diamante Cabo Journal brings you this real estate news.   Real estate mogul Donald Trump is purchasing the Doral Golf Resort & Spa in the Miami area for $20 million less than the price first announced in October.

The plan was for Trump to buy Doral for $170 million. But that all changed.  
Donald Trump's hotel group recently slashed its offer to buy the Doral Golf Resort & Spa out of bankruptcy to $150 million because it will have to invest an additional $200 million in the Florida property, according to people familiar with the matter. For more read here:

http://articles.sun-sentinel.com/2011-12-06/business/sfl-trump-to-pay-20-million-less-for-doral-golf-resort-20111206_1_trump-blue-monster-professional-golf-courses