Trump signs coming down
The signs that say “Trump” around the shuttered casino resort were taken down by workers on Wednesday, as reported by a variety of local media outlets. It’s just the latest sign, so to speak, that the resort has no intentions of opening again any time soon.
Why did the signs come down now? More from Philly.com:
The property, owned by billionaire Carl Icahn, was subject to licensing agreements with the Trump organization that required the Trump signage to be removed by March, 2017 if renovations or improvements were not done. Presumably, the property being closed and empty also did not meet those requirements.
Icahn had bought the distressed property a few years ago, but closed it back in October amid an ongoing labor dispute. Icahn recently said he wanted to sell the property.
Meanwhile, the remaining casinos in the town aren’t missing the absence of the Taj Mahal at all, with gaming revenues increasing in recent months.
The scene from the Taj Mahal
The signs coming down attracted a bit of attention in AC, given the famous name of the resort’s former owner.
The signs had already come off of the Trump Plaza long ago after that resort closed in 2014.
What’s next for the Taj Mahal?
It’s not clear how serious Icahn is about selling, or if he would find a willing buyer. There’s certainly a question of the Taj Mahal reopening as a casino would be a net win for the city, at this point.
Interestingly, Philly.come reported that Glenn Straub — who owns the nearby TEN Atlantic City (formerly Revel) — recently walked the property. Straub said he plans to reopen Revel next week, although that timeline is certainly in doubt.
Regardless, the saga regarding one of the iconic AC casinos is far from over.