Taj Mahal Casino Closing In Atlantic City Pushed to Mid-December
In an effort to preserve the 3,000 jobs and save the iconic Atlantic City casino, the closing of the Taj Mahal has been delayed by Trump Entertainment Resorts.
Initially slated to be closed on the 12th of December, negotiations have kept the bankrupt Trump Entertainment, prospective purchasing party, Carl Ichan, Atlantic City’s casino union, and other officials speculating on ways to keep the casino open and spare the city a significant loss of jobs, revenue, and nostalgia. Tax legislation was introduced by state Senate President Steve Sweeney and former mayor of Atlantic City, Senator James Whelan in an effort to curb the bills piling up for eight of the city’s largest casinos.
The plan outlining two years of payments on the debt totaling $150 million annually, with $120 million a year paid for the next 13 years will be discussed by committee on the 8th of December.