Taj Mahal in the red again. (Taj Mahal Casino in Atlantic City, NJ no longer in bankruptcy) (Brief Article) From: Real Estate Weekly | Date: October 16, 1991| Author: Weiss, Lois | COPYRIGHT 1991 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Taj Mahal in the red again

The magnificent Taj Mahal Casino in Atlantic City is no longer in bankruptcy. A prepackaged plan, agreed to by developer Donald J. Trump and casino bondholders, was approved by the Federal bankruptcy court on Oct. 4. Trump was very pleased with the plan which was given quick approval by the court. "I think it's really great," he said.

The plan reduces the interest rate on the bonds while the bond holders take an equity position in the...