#168 Los Angeles CC: How One Of The World's Most Secretive Golf Clubs Saves $80 Million On Taxes
The Joe Pomp Show
00:00
The Los Angeles Country Club
Los Angeles Country Club sits on 320 acres of prime real estate. The land is reportedly worth more than $8 billion, making it the second most valuable piece of real estate not developed for housing behind Central Park in New York City. An $8 billion assessed value would typically mean hundreds of millions of dollars in property taxes alone. LACC got lucky with two laws that were passed in the 1960s and 1970s.
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