Palisades News 7.31.2020

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July 31 – August 28, 2020 Volume 12, Issue 38

Exclusive Palisades Country Club Receives Multimillion-Dollar PPP Loan While Collecting Full Dues $2.5 to $5 million Paycheck Protection Program loan goes to Riviera Country Club By Sam Catanzaro

An exclusive Pacific Palisades country club–who counts among its celebrity members the U.S. Secretary of the Treasury– received a multimillion-dollar small business loan from the federal government while allegedly laying off employees and still collecting full dues from its members despite being closed due to COVID-19. On Monday, July, 6 the Trump Administration released data showing all recipients of loans through the $669-billion Paycheck Protection Program (PPP). Riviera Country Club, located at 250 Capri Drive in Pacific Palisades, is the only country club in the City of Los Angeles to receive a PPP loan. According to records, Riviera’s loan was between $2.5 to $5 million. In addition,

Riviera Country, see page 5

Photo: Palisades News Archives

The entrance to Riviera Country Club.

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