Icahn Statement on Taj Mahal
It’s unbelievable to me that the Union is somehow blaming me that the Taj may close. I’ve never had anything to do with management at the Taj. Almost two weeks ago, Trump management came to me and stated that even without interest payments, the Taj was losing $ 7 million a month. They asked that if they could get concessions from the Union, City and State, would I invest $100 million because no equity investor was interested in putting money in. I stated that my general rule is not to throw good money after bad, however, I told the Company that if they could get the other concessions enumerated by them, I would consider doing my part. The Unions don’t appear willing to give the concessions management is asking for and that’s their decision. But I find it incredible that somehow they’re now blaming me that the Taj may close.