Is Icahn Getting Ready to Sell the Trump Plaza?

Billionaire investor Carl Icahn appears to be getting ready to sell his remaining Atlantic City property, the Trump Plaza. An Icahn-backed company, IEP AC Plaza, recently paid $3 million for the deed to the long-shuttered casino, according to property documents filed in December. (You can have a look at the docs here and h/t to Reuben Kremer for his ceaseless monitoring of the property records).

Icahn’s conglomerate Icahn Enterprises took control of the Trump Plaza and Trump Taj Mahal when the previous owner, Trump Entertainment Resorts, entered bankruptcy in 2014. Icahn sold the Taj Mahal to a consortium of local investors and Hard Rock International in 2017. But his attempts to sell the Plaza were stymied by the site’s ground lease, which was held by earlier investors and acted as a so-called poison pill to prevent the sale, according to the New York Post.

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Tending the Organ

Last Monday Nathan Bryson, who is the Curator of Organs at Boardwalk Hall in Atlantic City, was surveying a damaged section of the 85-year-old pipe organ in the main auditorium when he noticed an object at the bottom of one of the pipes, Major Diapason, Pedal Left division.

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Flooding

Saturday saw some of the worst flooding in the Atlantic City area since Superstorm Sandy. We compiled some social media posts that reflected the extent of the flooding, and residents’ humor in dealing with it.

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Atlantic City Council To Reconsider Syringe Access Program

The City of Atlantic City Council on Wednesday will again discuss doing away with ordinances that allow New Jersey’s largest needle exchange to operate.

The Oasis Drop-In Center on Tennessee Avenue, operated by the South Jersey Aids Alliance, has existed for years in an office building on a site that was, until recently, like many others in the city’s Tourism District.

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