Word: plaza
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Dates: during 1990-1999
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Monday, May 20 is National Bike to Work Day, when Kennedy will join hundreds of pedaling commuters on a ride to Boston City Hall Plaza, where he will speak again...
...personal bankruptcy by whittling his debt down to more manageable proportions. The amount of debt that Trump guaranteed personally -- several hundred million dollars -- is breathtaking even by the standards of the '80s. In negotiations so far, the banks have agreed to secure some of that debt with the Plaza and other assets...
Trump has bet his future most heavily on Atlantic City by holding on to his three casinos there: the billion-dollar Trump Taj Mahal, the Trump Castle and the Trump Plaza Hotel and Casino. Considering his present straits, the move may make sense. After all, he still must come up with millions in annual interest payments. As he once said of the casino business, "Most of all, I like the cash flow...
...been scraping desperately for more than a year to meet his interest payments. His bankers bailed him out last summer, realizing with a chill how badly they had been taken and how thoroughly mired they were in the mess. He was carrying a $300 million mortgage on the Plaza, $120 million on the Grand Hyatt, $75 million on Trump Tower. In December his father Fred, a builder in Queens, N.Y., had to lend him $3.5 million to pay his bills. Appropriately enough, Fred did so by purchasing that amount in gambling chips from one of his son's casinos. Even...
...giving up the Trump Shuttle, his yacht, The Trump Princess, and other properties, the developer could keep such prizes as the Plaza Hotel, Trump Tower and his three Atlantic City casinos while slashing his debt...