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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Atlantic City Demolition Bids Sought

Atlantic County Improvement Authority is seeking sealed bids for demolition of two Atlantic City houses. One of the three-story homes is 2415 Arctic Ave between N. Georgia and N. Florida Aves. The other is 104 South Albion Place, just up the road from Chef Vola’s between Pacific Avenue and the Boardwalk. Bids will be opened at 2.30 pm on Tuesday Dec. 6.

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