Trump Taj Mahal to Host Liquidation Sale
Back in April, it was announced that a new casino resort, the Hard Rock Casino & Hotel, would be opening up for business in Atlantic City, New Jersey. The new resort will be built on the site of an old casino, known as the Trump Taj Mahal. The new casino will officially open up for business next summer, and development has already begun.
Of course, clearing the way for the new casino means the old one needs to be razed. So, in an attempt to get rid of some of the extra junk, a liquidation sale is being held at the Trump Taj Mahal site starting at 10 a.m. on Thursday. Fans of the Trump resort may take home things such as poker tables, furniture, pianos, chandeliers and art, if they so choose. However, nothing with the Trump name will be for sale, as those items were removed from the site after the resort closed last October. Slot machines and card tables from the casino floor will also be unavailable for sale.
National Content Liquidators, who is running the sale, say that the sale will go on until everything is sold. The sale is expected to last about two months.
Trump Taj Mahal History
President Donald Trump opened the Trump Taj Mahal in 1990 and promptly declared it to be the “eighth wonder of the world.” In a bizarre twist, Donald Trump was wrong about something. Within one year of its opening, the resort filed for bankruptcy and was completely crippled by massive debts. Trump severed most of his ties within Atlantic City in 2009 after already having lost control of the casino he once owned via bankruptcy. Approximately 3,000 jobs were lost when the casino was permanently closed.
Investor Carl Icahn shut the Trump Taj Mahal down last October after a strike by the casino’s main union. In March, Icahn sold the property to Hard Rock International for $50 million. That comes out to roughly four percent of the $1.2 billion Trump spent to open the casino in 1990.
The Trump name has already been removed from the building, and the liquidation sale is a big part of Hard Rock’s plan to completely overhaul the property. The sale is also a means of erasing all traces of the Taj Mahal’s Indian theme. Demolition of the Taj Mahal’s outside facade is set to get underway later in the summer.
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