Taj Mahal contractor payment disputes
What happened
promisedocumented Trump described his business record as evidence that he could turn projects from vision into completion.
- The American Presidency Project: Remarks at Trump SoHo in New York City2016-06-22 · Opening paragraphs describing Trump's business record
actionreported Trump opened the Taj Mahal after construction financed with substantial high-yield debt.
- The Washington Post: Trump's bad bet: How too much debt drove his biggest casino aground2016-01-18 · Financing, analyst warning, contractors, bankruptcy, and bondholders
- The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
affected groupreported Contractors and suppliers reported that invoices were unpaid, delayed, or settled for less than claimed.
- The Washington Post: Trump's bad bet: How too much debt drove his biggest casino aground2016-01-18 · Financing, analyst warning, contractors, bankruptcy, and bondholders
limitationreported The affected claims differed in documentation and resolution, and the reporting does not establish identical treatment for every contractor.
- The Washington Post: Trump's bad bet: How too much debt drove his biggest casino aground2016-01-18 · Financing, analyst warning, contractors, bankruptcy, and bondholders
People and organizations
- Taj Mahal contractors and suppliersaffected party
- Trump Taj Mahal Associatesaffected party
Assessment
Project contractors were left out of pocket, and the record documents it. Individual claims varied, and some were resolved through settlements.