Subsequent Event

6 Months Ended

Jun. 30, 2011

Subsequent Event [Abstract]

Subsequent Events [Text Block]

Subsequent Event

In August 2011, the Company sold the Steel Pier, an Atlantic City landmark of approximately 425,000 square feet located across the Boardwalk from Trump Taj Mahal, to an entity affiliated with the Steel Pier's long-time tenant for a sale price of $4,250. The tenant operates an amusement park on the Steel Pier under a lease which would have continued in effect until December 31, 2016. The sale did not include the Company's ownership of the “skybridge” extending over the Boardwalk connecting Trump Taj Mahal to the Steel Pier. The net cash proceeds of this sale, estimated at $3,500, were used to make a mandatory principal payment under the Company's Amended and Restated Credit Agreement. Following this sale and the resulting principal payment, the outstanding balance under the Amended and Restated Credit Agreement is $299,535.