Sale of Trump Plaza Hotel in Atlantic City tabled
Skift Take
Atlantic City has seen much better days, and there are no signs that the beleaguered city's luck is changing anytime soon.
The California development company that plans to buy Atlantic City's Trump Plaza Hotel and Casino for $20 million says the deal is temporarily on hold.
In a statement issued late Friday, the Meruelo Group said the sale cannot currently be completed as planned because Trump Entertainment has been unable to obtain the release of a mortgage held by a "senior secured lender."
When the deal was announced in February, Meruelo said it hoped to close the sale by May 31.
The Press of Atlantic City says Trump spokes
