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The Donald's Boardwalk empire crumbling

Posted By -NO AUTHOR- On 02/15/2013 @ 7:09 pm In Money | No Comments

(Huffington Post) Trump Plaza, the Boardwalk centerpiece of Donald Trump’s onetime 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. It is the lowest price ever paid for a casino in Atlantic City.

The company has not decided on a new name for the casino-resort, but said it will not continue to use the Trump name.

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