Oct 14, 2014 2:33 AM
Trump casinos seek judge OK to end union contract
The Associated Press
WILMINGTON, DEL. (AP) The parent company of Atlantic City's struggling Taj Mahal casino has reworked its request for help from New Jersey's state government to keep the casino open.
William Hardie, a financial adviser to Trump Entertainment Resorts, testified Tuesday at the company's bankruptcy hearing that it wants $175 million in aid.
It would take the form of payments in lieu of taxes, and the receipt of two types of economic development grants not normally available to casinos.
The company says it will close the Taj Mahal Nov. 13 without union givebacks and substantial governmental aid from Atlantic City and New Jersey both of whom have rejected the demands.
Hardie says the new aid request from the state might be doable if the judge lets the company out of its union contract.