Donald Trump Settles Lawsuit Over Baja Condo Resort That Went Bust Stuart Pfeifer - The Los Angeles Times
go to original November 27, 2013

A billboard for a failed real estate project in Mexico to which Donald J. Trump licensed his name. (Don Isbell)

Donald Trump has settled a lawsuit with more than 100 would-be condo buyers who lost millions of dollars when a Trump-branded luxury condominium project in Baja California failed.

Bart Ring and Daniel King, attorneys who represented the buyers, declined to discuss details of the settlement because of a confidentiality agreement.

"The group of plaintiffs is very pleased with the outcome," Ring said. A Trump spokesman declined to comment.

The Trump Ocean Resort Baja Mexico, south of Tijuana, was planned as a luxury high-rise resort with panoramic views of the Pacific Ocean, swimming pools, tennis courts and fine dining spread over 17 acres of coastal property.

Would-be condo buyers, many from Southern California, paid millions of dollars in deposits to secure units in the development. But the project failed in 2008 amid the financial crisis that curtailed real estate lending. The property was foreclosed on before construction began.

Read the rest at The Los Angeles Times

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