[toc]The signs of the shuttered Trump Taj Mahal casino and resort in Atlantic City started coming down in February. It didn’t take long for who determining who owns of some of those signs to end up in court.
The Trump Taj Mahal signs, up and down
The Taj Mahal closed back in October. But the signs of the property stayed up until this winter, the latest sign that the resort has no intentions of opening again any time soon.
Billionaire Carl Icahn has announced his intentions to try to sell the beleaguered property. Icahn reportedly had an agreement in which Trump signage had to come down by March if renovations didn’t take place. Given that the resort is closed and no upgrades are being done, these conditions definitely are not being met.
So the signs came down. The only problem? There’s a dispute over who owns them now.
The sign saga gets more interesting
It was interesting enough when the signs were taken down, which attracted a lot of regional media coverage.
The whole thing took a left turn when the signs briefly showed up on eBay before disappearing. The reason for that? The ownership is in dispute, and the whole mess had ended up in court.
A Philadelphia recycling firm contends it bought the letters T-R-U-M-P from two signs awaiting disposal earlier this month for $250 and now hopes to sell them for more than $100,000, according to a lawsuit filed Friday in Common Pleas Court in Philadelphia.
But the firm — Recycling of Urban Materials for Profit, or RUMP — contends its potentially lucrative online auction was canceled after a sign company declared the letters had been sold without authorization.
Leave it to Atlantic City to make something as seemingly simple as the signs from an old casino extremely complicated.
Meanwhile, Trump Taj Mahal is going nowhere for now
After Icahn said he was going to sell, not much has happened. It’s not clear how quickly Icahn is wanting to move the property, or if he will wait to maximize his return on investment — or at least minimize his losses.
Meanwhile, Showboat owner Bart Blatstein is trying to reinvigorate that part of the AC boardwalk by snatching up some of the surrounding property.
Image credit: Sean Pavone / Shutterstock.com