NJ Tax Court Chops $1.4B From Borgata's Assessed Value

By Chelsea Naso (October 21, 2013, 6:18 PM EDT) -- The Tax Court of New Jersey chopped $1.38 billion from the 2009 and 2010 assessed values of the Borgata Hotel and Casino, saying Friday that the economic downturn coupled with an increase in regional competition undermined the casino's value despite extensive upgrades to the property....

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