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Trump Taj Mahal To Close, Signaling Another Blow To Atlantic City

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A man walks past the Trump Taj Mahal casino hotel on the boardwalk in Atlantic City, New Jersey, on May 8, 2016. (Jewel Samad/AFP/Getty Images)
A man walks past the Trump Taj Mahal casino hotel on the boardwalk in Atlantic City, New Jersey, on May 8, 2016. (Jewel Samad/AFP/Getty Images)

The Trump Taj Mahal announced it will close its doors in October, citing financial struggles after a month-long strike led by its workers.

While the Atlantic City casino is no longer owned by Republican presidential nominee Donald Trump, the closure is drawing attention to his earlier business dealings there. The New York Times reported Tuesday that Trump paid $5 million, or 17 cents on the dollar, in a settlement of almost $30 million in overdue taxes owed by casinos he founded.

Today, Atlantic City is struggling, and the Trump Taj Mahal closure will deal yet another blow. Here & Now's Jeremy Hobson checks in on the city with Vincent Mazzeo, a Democratic state assemblyman representing New Jersey's 2nd Legislative District.

Guest

Vincent Mazzeo, Democratic state assemblyman representing New Jersey’s 2nd legislative district. He tweets @VinceMazzeo.

This segment aired on August 17, 2016.

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