The mayor’s hope is developers who would either repair or raze the properties.

Stage set for closing Trump Taj Mahal in Atlantic City.

With Atlantic City casinos closing, how are former workers and the city recovering?.

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Mayor Don Guardian this week told The Associated Press the city would use tax liens, emergency condemnation or eminent domain proceedings. Trump told the AP he has not considered whether to divest his remaining ownership stake in the company.Atlantic City casinos were supposed to be a “unique tool for urban redevelopment.”Īnd while urban redevelopment didn’t work all that well during the heyday of casinos in A.C., now the closing of five casinos – and related losses of jobs and tax revenues – is triggering a giant fire sale in the troubled city that could change the cityscape.Ītlantic City plans to take possession of nearly 500 abandoned buildings and put them up for sale in hopes of raising enough money to stave off a threatened state takeover. But he retains a 10 percent stake, which enables the company to use his name for licensing purposes.

Trump does not run or control Trump Entertainment Resorts, which was formed after the Trump casino empire emerged from the second of its three bankruptcies. Trump said the casinos fail to meet industry standards regarding hotel services, food and beverage operations and overall cleanliness, which he said guests had been complaining about for years. 'Not only does the issuance of these WARN notices further harm the Trump name and brand, but it also underscores the (company's) inability to remedy the appalling conditions that gave rise to the defaults under the licensing agreement in the first place,' the lawsuit says. Days later, Trump asserts, the company sent letters to its employees and announced it would close Trump Plaza in September without notifying him. In the lawsuit, he asserts Trump Plaza failed two quality review tests carried out by a third-party consulting firm, one in 2012 and the other three weeks ago.

Atlantic city casinos closing list