Trump admitted on Larry King live last week to the money woes facing his "beautiful" Chicago tower. At least it got built, if not fully sold. My fear is that if the financial crisis continues we are going to be left behind with a slew of semi complete reinforced concrete shells scattered across the city...The hotel suite ownership model offers pretty shitty returns.
Trump Entertainment Resorts, of which Mr Trump owns 28 per cent, filed for Chapter 11 protection at a court in New Jersey on Tuesday after bondholders who control the debt-laden casino operator rejected Mr Trump’s attempt to take the company private.
Mr Trump had resigned from the board at the end of last week.