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Donald Trump's Newest Venture

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Donald Trump, reality TV star, real estate magnate, billionaire, four-time filer of bankruptcy, possible presidential candidate, spurned debate moderator and failed trademarker of the phrase “You’re fired,” is looking into a new venture. If successful, this one may last for all eternity.

Yesterday, the Star Ledger reported that Trump plans to ask an NJ state board’s permission to build a cemetery next to the Trump National Golf Club in Bedminster. The site would serve as a final resting place for the club’s most dedicated members and, of course, for Trump.

Club members currently pay as much as $300,000 in fees. Sounds like a classy cemetery.

The current proposal is not Trump’s first attempt to build a private cemetery in New Jersey. In 2007, he submitted plans for a family mausoleum: “A 19-foot high, classical stone structure to be built alongside the first hole at the Trump National Golf Club” with “four imposing obelisks surrounding its exterior.” Like I said, classy.

The plans were withdrawn after local officials voiced concerns over the memorial’s gaudiness being out of step with the town’s character. The current plan, however, has made it past Bedminster officials and on to the state cemetery board.

That said, many locals remain concerned about the potential burial site. Bedminster’s mayor fears that the site could become a tourist trap. Trump, through a spokesperson, assured the Star-Ledger that the site would not affect the town in any negative way.

Trump, an avid golfer, has stated that his main purpose for setting up the cemetery is so he can stay on the course he loves. He is not the first wealthy person to want to be buried somewhere reflective of his successes. Apple’s (AAPL) Steve Jobs, for example, was buried at Alta Mesa Memorial Park, the same site as Hewlett-Packard (HP) founders William Hewlett and David Packard.

It remains to be seen whether or not Trump’s burial plans will be approved. If they are, one more question remains: How stringent will he be about death certificates?
POSITION:  No positions in stocks mentioned.