Yesterday, Donald Trump sold Trump Plaza in Atlantic City for the crackhead price of just $20 million dollars. WOW! WTF!!!! Word is the Plaza wasn't doing so good on the revenue side of things. It took in just $102 million in all of 2012 that only about 1/6 of what the Borgata takes in a year's time. The Plaza was sold to the Meruelo Group out of Downy California; and they plan on changing the name and pumping in a sizable amount of cash to spruce up the place. Good for them. Good Luck Meruelo Group. Maybe I will stay at your property when I visit NJ later this year. hahahahaha
My question is why sell this magnificent property for so cheap. Just 20% of what it made last year? Really? The building alone is worth more than 20 million! I wonder if Trump gets a tax break for taking such a HUGE loss on this deal? hmmmm.
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