According to the article based on what it cost him to build it in 1984, looking at a reliable construction cost index for the east coast US, it would cost over $500,000,0000 to replace the Trump Plaza today. Yet it sold for $20,000,000.
That's about 4 cents on the dollar relative to today's replacement cost. Salvage value is typically 10 cents on the dollar.
Donald's never had any luck in the casino business. Probably a good thing his LV Trump facility has no casino.
ST
--- In vpFREE@yahoogroups.com, vpFREE Administrator wrote:
>
> LVRJ: Trump Plaza in Atlantic City sold for $20 million
>
> http://www.lvrj.com/business/trump-plaza-in-atlantic-city-sold-for-20-million-191272221.html
>
> or
>
> http://tinyurl.com/aq5ke88
>
>
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