Former Trump Taj Mahal — © Brian Rose
The grand staircase to the Trumpian realm — now stripped of its onion domes and minarets. Atlantic City continues to bank on casinos as the way out of urban blight and crime. It hasn’t worked so far.
Donald Trump wrote “The Art Of The Deal,” but it was Florida’s Seminole Indians who made a truly amazing deal to buy the opulent casino built by the man who is now president of the United States.
The Trump Taj Mahal, the Atlantic City, N.J., casino that the real estate mogul built for $1.2 billion in 1990, went for 4 cents on the dollar when it was sold in March. Documents filed with the Securities and Exchange Commission on Tuesday revealed the price billionaire Carl Icahn got from Hard Rock International for the shuttered casino: $50 million.
— The Los Angeles Times/AP