By 2009, Trump had severed most of his ties with Atlantic City in 2009, keeping only a 10 percent stake in Trump Entertainment Resorts in return for the right to use his name. When the Taj Mahal opened in 1990, then-owner Donald Trump called it “the eighth wonder of the world.” But within a year it was in bankruptcy, reportedly the victim of unsustainably high levels of debt taken on during its construction. In 2011, the company proposed-and then abandoned-a music-themed casino resort at the southern end of the Boardwalk. His is not the first time Hard Rock eyed Atlantic City. Icahn said he is still trying to sell that property. Icahn said the sale does not include the shuttered Trump Plaza Hotel and Casino, which closed in 2014. Atlantic City has a rich and dynamic history and we are so proud to help recapture that greatness.' 'This is a once-in-a-lifetime opportunity to be a part of revitalizing one of our nation's most iconic destinations. 'Both the Morris and Jingoli families are honored and excited to partner with Hard Rock International in the rebuilding of Atlantic City,' Jack Morris, CEO of Edgewood Properties, announced. The partnership, majority controlled by Hard Rock International, will completely recreate the existing Taj Mahal with a complete remodel and rebrand of the Boardwalk property. 'We are 100 percent convinced Hard Rock Hotel & Casino Atlantic City will be a success.' 'We are excited to be part of this revitalization of Atlantic City creating thousands of jobs to help local employment,' Jim Allen, chairman of Hard Rock International, said in a statement.

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