The owners of?Atlantic City’s former?TrumpPlaza?casino plan to keep it shut for at least 10 years as a tax-saving measure.
Trump Entertainment Resorts has filed a deed restriction for the casino, which closed last September, preventing it from being used again as a casino for at least a decade. It could still be used for another purpose.
The move was done to avoid potentially higher taxes under a bill New Jersey Governor Chris Christie could sign soon allowing casinos to make payments in lieu of taxes for 15 years as part of an?Atlantic City?rescue plan.
