Politics Donald Trump’s Taj Mahal failure

Discussion in 'The Howard Stern Show' started by larryluncg, Jun 30, 2016.

  1. larryluncg

    larryluncg Empty VIP

    Reputations:
    20,281
    Joined:
    Jun 28, 2012
    Messages:
    11,403
    Likes Received:
    9,260
    ATLANTIC CITY, N.J.—The contractor who provided the onion domes for Donald Trump’s Taj Mahal casino had to eat $2 million (U.S.) in losses. The contractor who supplied the Carrara marble from Italy ended up filing for personal bankruptcy. The contractor who put in the bathroom partitions had to lay off his brother.

    A quarter of a century has passed since Trump refused to pay in full 253 contractors who help build his Taj in Atlantic City. But for many of them, it could have happened yesterday.

    “We got next to nothing,” said Michael MacLeod, whose 40-person studio made the giant elephant statues at the casino’s entrance. “I took a big hit.”

    After the Taj opened in April 1990, the self-anointed “King of Debt” owed $70 million to contractors employing thousands who built the domes and minarets, put up the glass and drywall, laid the pipes and installed everything from chandeliers to bathroom fixtures.

    A year later, when the casino collapsed into bankruptcy, those owed the most got only 33 cents in cash for each dollar owed, with promises of another 50 cents later. It took years to get the rest, assuming the companies survived long enough to collect.

    https://www.thestar.com/news/world/...-failure-crushed-many-of-his-contractors.html
     
  2. dknice

    dknice Well-Known Member

    Reputations:
    2,494
    Joined:
    Jan 13, 2014
    Messages:
    292
    Likes Received:
    508
    He is a business genius and adept at screwing those beneath him. Make America great again....
     
  3. Punctured

    Punctured Well-Known Member

    Reputations:
    22,064
    Joined:
    Sep 22, 2015
    Messages:
    1,616
    Likes Received:
    2,091
    All of his business ventures are an extension of his manhood... meaning he has a small dick.
     
  4. Calloused Shins

    Calloused Shins Well-Known Member

    Reputations:
    89,609
    Joined:
    Oct 17, 2014
    Messages:
    5,895
    Likes Received:
    9,903
    Here comes the, ever successful businessman has had bankruptcies, everyone's been sued 1000's of times, every 3,2,1.... Trump U 101
     
  5. Willowglen

    Willowglen Lookin thru the glass ceiling & up Stephs skirt VIP

    Reputations:
    91,169
    Joined:
    Jan 18, 2012
    Messages:
    10,613
    Likes Received:
    14,545
    Running up a huge bill he cant pay for and defaulting on it. Mabye the "businessman" does know how Govt works after all.
     
  6. Sea Slob

    Sea Slob Well-Known Member

    Reputations:
    99,245
    Joined:
    Apr 25, 2012
    Messages:
    19,121
    Likes Received:
    11,518
    Dumb contractors that didn't take draws
     
    Mook, Rescued Owl and O Face like this.
  7. Fillmore Fingers

    Fillmore Fingers Sandy Vag Banned User

    Reputations:
    73,414
    Joined:
    Sep 23, 2015
    Messages:
    2,885
    Likes Received:
    7,712

     
    dknice and DuckDong like this.
  8. HowieStearn

    HowieStearn HateClub

    Reputations:
    82,589
    Joined:
    Dec 13, 2011
    Messages:
    14,845
    Likes Received:
    14,741
    hes going to be president. and gramma can go back to running her mafia, lining her pockets, and seling america down the river
     
    HowieHasBeen and Head Censor like this.
  9. joemama

    joemama Well-Known Member

    Reputations:
    87,571
    Joined:
    Jan 16, 2014
    Messages:
    3,305
    Likes Received:
    8,985
    In fairness to Trump and I'm no fan of his but everything from 15-20 years ago has failed in Atlantic City, The place is a dump and alot of forms of gambling has become legal in alot of the states near AC.
     
    Austinchota and Head Censor like this.
  10. Tickle Shits

    Tickle Shits very angry indeed Gold

    Reputations:
    83,754
    Joined:
    Aug 26, 2015
    Messages:
    6,786
    Likes Received:
    15,236
    AC was hammered by legalized gambling in PA. They also built a project right down the street from the casinos. Why travel through the ghetto of AC when you can gamble in PA

    The Taj Poker room was fantastic.
     
  11. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

    Reputations:
    577,403
    Joined:
    Jan 15, 2012
    Messages:
    47,154
    Likes Received:
    78,975
    It has killed the horse racing industry in NJ also. AC cock blocking racinos at the Meadowlands and in Freehold led to the purses at both tracks falling behind PA and NY. With diminishing incentive for NJ Bred horses, huge breeding farms are going out of biddness, costing tons of jobs.
     
  12. knuckle_hedd

    knuckle_hedd loving life!

    Reputations:
    158,335
    Joined:
    May 12, 2013
    Messages:
    9,462
    Likes Received:
    25,930
    that is a great way to get the wall built.
     
    Ted da Janitor likes this.
  13. funkface

    funkface Well-Known Member

    Reputations:
    -17,315
    Joined:
    Feb 4, 2015
    Messages:
    304
    Likes Received:
    742
    The Borgata is the only casino in Atlantic City that isn't a complete shit hole.
     
  14. gitchasum

    gitchasum Well-Known Member

    Reputations:
    7,478
    Joined:
    Aug 23, 2015
    Messages:
    716
    Likes Received:
    1,906
    The Taj Mahal is still open. I never stayed there but it seemed okay. I am in North Jersey about 2-1/2 hours from AC. The casinos in PA are an hour closer. I have to go check them out one of these weekends. I feel like it will be like the casinos in CT. There is something about AC. All those casinos lined up on the beach. I love it!
     
    Rockside7 likes this.
  15. Rockside7

    Rockside7 VIP Extreme Gold

    Reputations:
    166,264
    Joined:
    Jan 13, 2014
    Messages:
    8,307
    Likes Received:
    19,489

    I feel the same way about Vegas.

    There are Indian Casinos a hell of a lot closer to me but, I just love to be in Vegas.

    It's a vibe.

    It's big, and loud, and crazy.
     
    sumtexan and gitchasum like this.