Former Trump marina to undergo upgrade - Trade Only Today

Former Trump marina to undergo upgrade

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The 640-slip Sen. Frank S. Farley State Marina in Atlantic City, N.J., has seen better times, but the company that has taken over operations is promising upgrades that will restore the marina’s appearance and reputation.

Landry’s Inc., a Houston-based company, inherited the management lease for the Farley marina when it completed its $38 million purchase of the Trump Marina Hotel Casino last week, The Press of Atlantic City newspaper reported.

Trump Marina Associates previously operated the state-owned Farley marina for the New Jersey Department of Environmental Protection.

Landry’s, a gaming, restaurant and entertainment conglomerate, owns the Golden Nugget casino hotels in Las Vegas and Laughlin, Nev., and the new Golden Nugget in Atlantic City. The company has rebranded Trump Marina as a Golden Nugget casino.

Tilman Fertitta, the Texas billionaire who heads the Landry’s empire, said he plans to dock his own yacht at the Farley marina, which is next door to the Golden Nugget.

“Being a yacht owner myself, I will make sure that it will operate on a very high level,” he told the newspaper. “Come October, my boat will be parked there for a month or two.”

Fertitta’s posh 164-foot yacht, Boardwalk, may be the biggest boat to dock at the Farley marina since Donald Trump’s former yacht, the 282-foot Trump Princess, used to spend summers in Atlantic City.

The marina, named in honor of the late Atlantic County senator who served from 1941-1972, had been under Trump’s operation since 1987, and boat owners said they are eager for new management.

Bob Silverman told the newspaper that every dock was occupied at the Farley marina 21 years ago when he tried to bring his boat to Atlantic City. These days, he says, the marina has plenty of open slips because of its deteriorated condition, including rotted dock boards.

“First of all, the marina needs to be maintained. There’s no two ways about it — it has been seriously neglected,” Silverman said.

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