by lorraine woellert 10/10/16 03:42 pm edt the trump taj mahal, which donald trump once called the <u+201c> eighth wonder of the world ,<u+201d> shut its doors monday morning after failing to reach a deal with union workers, who have been on strike since july. the 17-acre casino and hotel, which cost more than $1 billion to build, has lost almost $350 million in the past few years, according to a statement from carl icahn, a friend of trump<u+2019>s who bought the atlantic city property out of bankruptcy last year. story continued below trump, the republican candidate for president, no longer had any financial interest in the trump taj mahal. the closing has been in the works since this summer, when unite here workers and management became deadlocked over health benefits. <u+201c>after our last offer, which included medical, was rejected, it was simply impossible to find a workable path forward that would not have required funding additional investments and losses in excess of $100 million over the next year,<u+201d> icahn wrote . <u+201c>like many of the employees at the taj mahal, i wish things had turned out differently.<u+201d> by bill scher by thomas wright by joshua zeitz by jack shafer
trump taj mahal closes after labor deadlock - politico
lorraine woellert jack shafer