But within a year it was in bankruptcy, the victim of unsustainably high levels of debt taken on during its construction. President Trump, who at the time was a Manhattan real estate mogul, dubbed the Taj Mahal 'the eighth wonder of the world' when it opened in 1990.

In addition to Stockton and South Jersey Gas opening up next year, we hope that 2018 will be banner year as we continue to rebuild Atlantic City.'

All the pieces are coming back together one by one. This is also great news for the entire South Inlet and all the projects going on there, like the Boraie housing development project and the reconnection of the boardwalk all the way to Gardner's Basin. The mayor went on to say, 'Having professional investors like the Hard Rock International group invest in the Taj Mahal will reinvigorate that end of the boardwalk, which includes the Showboat and the Steel Pier. Atlantic City has a rich and dynamic history and we are so proud to help recapture that greatness.'Ītlantic City Mayor Don Guardian reacted to the news by saying, 'Today is just another example of that optimism and resiliency. 'This is a once-in-a-lifetime opportunity to be a part of revitalizing one of our nation's most iconic destinations. 'Both the Morris and Jingoli families are honored and excited to partner with Hard Rock International in the rebuilding of Atlantic City,' said Jack Morris, CEO of Edgewood Properties. The partnership will transform the existing Taj Mahal with a complete remodel and rebrand of the property. The group will invest more than $300 million to purchase, substantially renovate and re-open the casino. 'We are 100 percent convinced Hard Rock Hotel & Casino Atlantic City will be a success.' Hard Rock International will be majority owner of the rebranded Hard Rock Hotel & Casino Atlantic City in partnership with the Morris and Jingoli families. 'We are excited to be part of this revitalization of Atlantic City creating thousands of jobs to help local employment,' states Jim Allen, chairman of Hard Rock International.

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