Happier Times
This is one more photo of Fred and Donald Trump. Taken in July 1982, they were accompanied by Mayor Ed Koch here. They might look happy in this photo, but Trump would be suffering losses from his casino expansion in New Jersey a couple of years later. The properties in Atlantic City were doing poorly, so Trump had no other choice but to put Trump Shuttle, his airline, on the market. On top of that, he had to sell his yacht Trump Princess and restructure his debt. He was able to consolidate his casinos under Trump Hotels & Casino Resorts. It had to undergo bankruptcy restructuring in 2004 and 2009, however.
Happier Times
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