ATLANTIC CITY, NJ—The ownership of the Trump TajMahal could decide as soon as next Monday to close withoutneeded concessions from Local 54 of UNITE HERE,representatives of Trump Entertainment Resortstold a federal bankruptcy court judge on Tuesday.


“We need it to keep Atlantic City alive,” Trump EntertainmentResorts attorney Kristopher Hansen said, urgingBankruptcy Court Judge Kevin Gross to forcibly break the unioncontract. “Unfortunately we have an unwilling counter-party.”


Trump Entertainment says it has to cut costs by $14.6 millionannually to have a chance at keeping Trump Taj Mahal open,according to the Press of Atlantic City.


The casino is also looking to have the state provideapproximately $175 million in state incentives and approve apayment in lieu of taxation proposal. The Trump Taj Mahal and TrumpPlaza owe investor Carl Ichan $286 million. Ichanhas pledged to invest $100 million and would convert some casinodebt to equity, depending on the union concessions.


The union has fought Trump Entertainment's cost cuttingproposals. In addition, State Senate President StephenSweeney said at a recent rally, “You'll get nothing fromus until you treat workers with respect and dignity.” Also,Atlantic City Mayor Don Guardian says he isagainst the casino's proposal to cut its assessment by almost 80%.See story in the Press of Atlantic City.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.