On Trump's Motives
Posted by Ann Barnhardt - June 2, AD 2011 9:39 AM MST
The Illinois legislature and City of Chicago (Rahm Emanuel, Mayor™) just approved a massive expansion and approval of casino gaming in Chicago itself and throughout the state. Trump has seen this coming for years and has made massive investments in Chicago real estate, most notably the Trump International Hotel and Tower at 401 N Wabash. If you have been to Chicago anytime within the last several years, you have seen it. It is very big, and I'll admit, an aesthetically pleasing building.
Trump is no fool. Atlantic City, New Jersey is as good as dead, and Trump knows that dumping money into trying to revitalize Atlantic City as a gaming destination would be throwing good money after bad. The awful TV show "Jersey Shore" has now done longterm economic damage to that entire area - and that is no joke. So, years ago he figured out what the next hot gaming center would be: Chicago.