International edition
June 23, 2021

The settlement of 19 tax-appeal cases consists of us$ 22 million in tax credits

Trump talks to reopen casino in Atlantic City

(US).- City Council is expected to vote soon on a resolution to reopen the city’;s negotiations with Trump Entertainment Resorts Inc., the latest attempt to decrease a us$ 34 million tax appeal settlement the mayor labels as a bad deal.

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ewly sworn-in City Councilman Steven Moore, who was not yet on council in November when the settlement was approved, said that he is sponsoring the measure to ensure that taxpayer money is not misspent.

The city’s settlement of Trump’s 19 tax-appeal cases consists of us$ 22 million in tax credits over the course of six years and us$ 12 million in cash, which the city already paid in December.

The resolution comes shortly after Mayor Scott Evans’ pledge to find a legal way to reopen the case and renegotiate the settlement. Atlantic County Executive Dennis Levinson made an unsuccessful bid to intervene in the settlement in late December after he learned the county would be charged us$ 5 million of the us$ 34 million.

City Council approved the settlement November 1, when William ’Speedy’ Marsh was both acting mayor and president of council.

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