Chris Christie going through life catching colds and missing trains.
Everything happens to him;
Efforts to sell the Trump Plaza and Trump
Taj Mahal failed, court papers say, and the company turned to Unite Here
Local 54, which represents casino workers in Atlantic City, asking for
concessions that would support a "feasible business plan." While
negotiations have stalled, the company said it expects to continue
discussions with the union to cut the cash burn rate that has fed losses
at the Taj Majal.
The most high-profile
casino failure in Atlantic City came a week ago, when the $2 billion,
high-end Revel Casino Hotel closed after two bankruptcy filings and a
little more than two years in operation. The casino received a $261
million state tax credit to help finish construction after financing
dried up, as well as push from Gov.
Chris Christie
in his bid to reinvigorate the slumping seaside resort.
We wonder if
Noah Smith has an opinion--thanks,
Kevin Erdman--on that.
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