Tropicahna
As expected, a group of investors - including debt holders - led by Carl Icahn have essentially won the Tropicana Atlantic City auction for the Buy It Now, Bankrupt, As Is price of $200M bucks.
No word yet on whether the property will be rebranded as Tropicahna. Chances are it will have a similar fate as the Sands AC... wallow until sold to a starry eyed developer.
The big loser here is Columbia Sussex. Between their delinquent operations and the economic downturn, they got screwed a hard ten ways till Sunday. Ouch.
« Previous
Icahn Almost Haz Tropicana
Icahn Almost Haz Tropicana

The Latest:
Bankrupt City, New JerseyHetfield Trashes Atlantic City
Who Will Buy This Wonderful Revel?
Wynn Philadelphia Site Plans
Trump Plaza Sold To Reno Operators Merulo Group
Poker Stars In Talks To Buy Atlantic Club
Wynn Eyeballs Philly Again
On Margaritaville, Resorts and The Sense Of Destination
Immersion Spa at Water Club: The ACT Review 2012
ACEats: Tony Luke's At Borgata
Hot N Fresh: The ACTripping Dining Guide!
» Complete Archive

Recent Comments:
bat55w posted: "I have doubts this will happen based upon the idiots that run Philly, but if it does I will be..."
» Wynn Eyeballs Philly Again...
» Wynn Eyeballs Philly Again...
weatherman2111 posted: "Having gotten lost down there a couple of times it's a surprisign pain in the ass to get back onto..."
» Wynn Eyeballs Philly Again...
» Wynn Eyeballs Philly Again...
mstokes posted: "As if Atlantic City isn't in bad shape as is. Putting a Wynn casino so close won't be helping any...."
» Wynn Eyeballs Philly Again...
» Wynn Eyeballs Philly Again...
bgriffiths posted: "It could be a nice area, there. Yards brewing is a little south of Sugar House - they have a..."
» Wynn Eyeballs Philly Again...
» Wynn Eyeballs Philly Again...
bat55w posted: "I like Tony Luke's better than the touristy spots on the south side of philly(Pat's and Geno's). I do..."
» ACEats: Tony Luke's At Borgata...
» ACEats: Tony Luke's At Borgata...
Comments & Discussion:
» No Guts, No Glory... Be The First to Post
Leave a Comment:
Welcome back ! » Profile Settings Faves
Comments are currently closed on CityBoom.