Trump Breaks Off Talks With Taj Mahal Bondholders

From: The Washington Post | Date: November 14, 1990| Author: Robert J. McCartney | Copyright information

Real estate developer Donald Trump took a giant step today toward placing the Taj Mahal Casino in bankruptcy proceedings, a move that could ultimately cost him ownership of his newest and biggest Atlantic City gambling palace.

Faced with a Thursday deadline for meeting a $47 million interest payment that he is expected to miss, Trump angrily broke off negotiations with bondholders that had been aimed at a financial bailout of the troubled property.

In a telephone interview e...

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