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Atlantic City Acting Mayor, Casino Gaming, Political

Trump’s Timing

Did the hasty Trump Tax settlement contribute to Trump’s ability to refinance his Atlantic City portfolio?  Are we to attribute Acting Mayor William Marsh’s speedy and sloppy sign-off on the Trump $34 million pay-off as the reason for Trump’s business re-birth?  I look forward to your comments.

(Reading – http://www.commercialpropertynews.com/cpn/content_display/regions/northeast/e3i069cf19291fa5cceb7693f5799b4426c & http://www.pressofatlanticcity.com/news/newjersey/story/7523301p-7423868c.html)

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About Jesse O. Kurtz

I am committed to fulfilling the promise of Atlantic City. The town would benefit from greater political participation by average citizens. Hopefully, some of the posts herein will encourage you to get more involved in your community. This blog will also feature other topics and subjects beyond Atlantic City. I hope that you will come to love Atlantic City as much, or more than I do.

Discussion

One thought on “Trump’s Timing

  1. No, the debt restructuring had nothing to do with the AC tax settlement. Look at the numbers. Trump refinanced $500 million. Do you think a paltry $12 million and some more tax credits in the future are going to impact this agreement? Doubt it.

    I think the news is that Trump is always able to find a bank to refinance his ridiculous amount of debt. He’s gone through all the major eastern banks and they won’t touch him anymore. Now he’s found a small Nevada bank will learn that his word is NOT his bond. At least when it comes to money.

    Posted by dave202 | December 30, 2007, 9:53 pm

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