LYNDHURST, NJ-First, he lent his name to the troubled golf/residential/hotel project slated to rise on 800 acres of landfill in three towns. Then, he accepted $15 million from developer EnCap Golf Holdings to manage the ongoing development process. Now, Donald Trump may be on the verge of buying out EnCap’s share.

According to published reports, Trump, in talks with Cherokee Investment Partners, the Raleigh, NC-based parent of EnCap, is poised to do just that. A Trump spokesman has publicly confirmed that discussions are under way, but could not be reached for further comment.

“Cherokee has invested millions of our own funds, helped to attract other private financing, and brought in the Trump Organization to lead the project’s…operations,” says Cherokee VP David O’Neill, in a statement. “[We are] very pleased with the Trump Organization’s progress, and we want to do all that we can to see this progress continue.”

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