Professional blowhard Donald Trump has announced that he is running for President. While some local media are focusing on the super important parts of Trump’s ties to The Coachella Valley – let us not forgot that not too long ago, Spotlight 29 Casino gave him $6 million dollars to go away.
In May of 2000, Trump signed a deal to manage Spotlight 29 and the casino was rebranded as Trump 29 Casino in April of 2002. Trump’s company helped to secure $60 million dollars in loans for the facility and the contract called for Trump to receive 30 percent of the casino’s net annual revenues for managing – the most allowed. Trump’s first order of business was to bring singer Marc Anthony to town for a sold out concert, open an oxygen bar, and (of course) slap his name on the place…
But the arrangement was short lived. In 2005, Spotlight 29 bought out Trump Hotels (which at the time was $1.8 billion dollars in debt)for $6 million and changed the name back to Spotlight 29 Casino.
Now, 10 years later, Trump is running for President.
Anybody have $6 million laying around we can give him to go away again?
