Hard Rock to Roll Dice on Trump Taj Mahal, Upping Renovation Budget to $500 Million

Hard Rock to Roll Dice on Trump Taj Mahal, Upping Renovation Budget to $500 Million

Tough Rock International does not like what it sees within the former Trump Taj Mahal in Atlantic City, that the company purchased in March for $50 million.

Hard Rock Chairman Jim Allen, a previous trump entertainment resorts employee, is now tasked with renovating his previous boss’s grand vision in Atlantic City.

Billionaire Carl Icahn’s deal price selloff suggested the tricky Rock was acquiring a Boardwalk home for cents on the buck, as former casino developer turned US President Donald Trump built the resort for $1.2 billion in 1990.

But upon closer examination, Hard Rock officials state it’s likely to price a penny that is pretty refresh the 2,010-room resort and video gaming room, and rid it of a India-themed décor.

‘The amount of cash we’re going to have to invest to remove all those minarets and all that purple, Jesus! Just What were we thinking?’ Hard Rock Chairman Jim Allen told the Associated Press this week.

The minarets Allen relates to are the spire and crowns that are onion-shaped ornaments found round the Trump Taj Mahal.

Hard Rock Ups Ante

Though the company owned by the Seminole Tribe in Florida got a spot that is premiere the Atlantic City Boardwalk for a rock-bottom price, Hard Rock professionals say the initial budget of $350 million defintely won’t be nearly enough to trnsform the space into an effective tough Rock Hotel & Casino. Allen estimated that the pr (more…)