Does anyone know what had happened -- if anything -- to the site of the Trump World's Fair casino? I know that it and the Trump Regency hotel next door were closed a couple of years ago and that the site was cleared last year, but has there been any developments? The site must be worth at least a couple of million. I stayed at the Regency once in the early 90's ('91 or '92, I don't really remember); it was rundown back then (the carpets were worn, the room was OK but reminded me of a budget Holiday Inn or Ramada, i.e., certainly adequate but not anywhere near fancy) but the location is great -- on the boardwalk next to the convention center.
Nothing has been built there yet. The main objective of the company is to retire some of that 13% dept. this will be done after the next quarter windfall profits. I mentioned earlier why those profits are coming.
>>>Nothing has been built there yet. The main objective of the company is to retire some of that 13% dept. this will be done after the next quarter windfall profits. I mentioned earlier why those profits are coming. >>>
The word "profits" and DJT should not really be used in the same paragraph. DJT has only shown losses and has never made a profit for any quarter. Last year DJT had a narrower loss because of lower costs. However, the "benefit" from not having write-offs associated with the abandonment of the World's Fair will not reoccur again. As revenues keep declining (2001 was less than 2000) the lower losses will not continue and larger losses will occur. Profits are not in the picture.
We walked past the site this past week....it is empty and there appears to be no effort to do anything with the site as of this date....it is a surprisingly small site. The donald's bravado that a world class casino will be built on this site is just that...mere words.
Nothing WILL happen to the land. There is no way to build a casino. The Marina will be the first to get a tower - to catch the Borgata overflow, Taj will be second. Maybe they'll make it a parking lot for now?