Icahn Strikes Again, Imitation Guns, Dog Beach – Wednesday’s Roundup
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Icahn Strikes Again
If you were the owner of an enormous, empty casino in a struggling resort town filled with other large, vacant properties (including another one owned by you), and a buyer – wafted in on the wind of political change – comes along, you’d take them up on that offer, right? Probably a lot of people would dust their hands off at that point and leave, but if you’re Carl Icahn, you get down to business trying to wring every last drop out of that property that you no longer own. The Press of Atlantic City’s Christian Hetrick has this great piece looking at the Taj’s tax appeals against the city. The state’s Department of Community Affairs, now in charge of AC’s finances, says it is in negotiations. The purchase price of the Taj was not disclosed, which in finance land means it was not significant, or under $100 million.