The Trump Taj Mahal is all about to end up being the Atlantic that is fifth City to close its doorways once and for all in 3 years. Its closing will signal a final end to the Trump casino brand forever.
Union members protest outside the Trump Taj Mahal, which will shut its doors on September 4, 2016. Icahn Enterprises says it has lost $100 million on the venture.
In the midst of industrial action by members of the Unite Here Local 54 Union, who've been picketing the Taj for months, investor Carl Icahn has abadndoned the casino that is stricken will shutter it permanently on September 4.
That closure date hits right in the center of Labor Day, which might be a coincidence that is wild or it could be a deliberate and final insult to the union, which Icahn blames for derailing his last-ditch try to save the Taj.
Icahn stepped in to rescue the casino in 2014, when its owners that are previous Trump Entertainment, declared bankruptcy. The billionaire corporate raider owned the bulk of its $286 million financial obligation, which he had been ready to convert into equity.
Icahn also said he had been prepared to invest $100 million into the home, if, and just if, he had been granted concessions that are certain the city. These included the cessation that is temporary of pension and healthcare benefits, which have get to be the focus of the squabble between Icahn Enterprises as well as the casino e