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In 1974, brothers Edward and Fred Doumani took over management on an emergency foundation after investing $1 million into the property. The Jaffe family, however, would retain ownership of the land for many years and continue leasing it. The notice was in the end traced to Tropicana govt Louis Lederer and cashier Michael Tanico, each of whom can be removed from the property. The project had 30 buyers, including singer Morton Downey, who owned a five-percent interest.
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- At the time of its closure, the Tropicana had seven-hundred employees, a few of whom had been with the property for decades.
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- The Ambassador Resort, designed by Warren & Wetmore was inbuilt 1919, at a value of $4 million.
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