Winnipeg Free Press - PRINT EDITION

Trump Plaza sold for $20M

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ATLANTIC CITY, N.J. -- Trump Plaza, the Boardwalk centerpiece of Donald Trump's one-time Atlantic City empire, was sold Thursday to a California company for $20 million in the cheapest of a series of bargain-basement deals for distressed gambling halls in the struggling New Jersey seaside resort.

The Meruelo Group of Downey, Calif., plans to close the deal by May 31.

Trump Plaza, which cost $210 million to build, opened in May 1984 as one of Donald Trump's pet projects. The real estate mogul has since limited his dealings in Atlantic City.

 

-- The Associated Press

Republished from the Winnipeg Free Press print edition February 15, 2013 B11

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