![]() After the economy tanked, Trump and Coastal Marina agreed to a lower price of $270 million, but the deal fell apart in June 2009 over disagreements about the physical condition of the casino.Ĭoastal claimed that summer that the Trump Marina needs at least $50 million in repairs. Trump Entertainment has been trying to sell the Marina casino since May 2008, when it struck a deal with Coastal Marina LLC, run by former Donald Trump protégé Richard Fields. Donald Trump, who owns 10 percent of the casino company that bears his name, termed the deal "a wonderful transaction for the company and the buyer." Trump Entertainment Resorts said it will use the proceeds to chip away at its debt, which was substantially reduced in the bankruptcy proceedings. ![]()
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