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Trump watches the World Golf Championships-Cadillac Championship at the Doral resort on March 10, 2013. Photo: Scott Halleran/Getty Images

The net operating income for Trump National Doral Miami resort, the flagship property and biggest moneymaker for President Trump's family business, has fallen by 69% over the past two years, according to a Washington Post analysis of its records.

Why it matters: A note from a tax consultant employed by The Trump Organization to a Miami official stated that the property faces "some negative connotation that is associated with the brand," which the Post notes is the first time that someone employed by Trump has acknowledged that the president's name could affect business.

The big picture: Doral took in $10 million less in revenue than The Trump Organization internally expected in 2017, according to financial documents filed to Miami-Dade County, Florida.

  • Its average room rates and the revenue available per room have also declined at rates greater than other comparable golf resorts in the Miami area.

The other side: The report isn't unprofitable despite the business hit as it has managed to cut back other expenses to make up for the revenue shortfalls.

  • In a statement to the Post, Eric Trump blamed the Zika virus and hurricanes for hurting tourism across South Florida in recent years.
  • He said, "This story is completely senseless. Our iconic properties are the best in the world and our portfolio is unrivaled by anyone."

Go deeper: Government agency ignored constitutional issues over Trump's D.C. hotel

Go deeper

2 hours ago - Health

Axios AM Deep Dive: Covid forever

Illustration: Aïda Amer/Axios

It was 563 days ago that the WHO declared Covid-19 a pandemic. This Axios AM Deep Dive, led by healthcare reporter Caitlin Owens, looks at our Covid future.

Federal judge blocks vaccine mandate for NYC teachers

Students are dismissed from the first day of school at PS 133 in Brooklyn on Sept. 13. Photo: Michael Nagle/Xinhua via Getty Images

A federal appeals court judge on Friday temporarily blocked New York City schools from enforcing a vaccine mandate for school employees, days before it was set to take effect, AP reports.

Driving the news: The vaccine mandate was set to begin on Monday, prompting concerns over staffing shortages in schools across the nation's largest school system.

CCP releases two jailed Canadians after Huawei CFO deal with DOJ

Photo: Sheldon Cooper/SOPA Images/LightRocket via Getty Images

Two Canadians imprisoned by the Chinese government for over 1,000 days have been released and are expected to arrive in Canada on Saturday, Prime Minister Justin Trudeau said Friday.

Why it matters: Their release comes hours after Huawei Technologies CFO Meng Wanzhou reached a deal with the U.S. Department of Justice that resolves the criminal charges against her and could pave the way for her to return to China.