Trump Plaza Hotel & Casino Up for Demolishment
Atlantic City’s Mayor wants the Trump Plaza Hotel demolished. The casino is now vacant and was once owned by President Donald Trump as a part of his gaming company. The Trump Plaza was considered for demolition; however, over the past two years, the current owner has not obtained a demolition certification. On Thursday, mayor Marty Small along with matt Doherty, Casino Reinvestment development authority Executive Director said to a business group that knocking down the eyesore vacant casino is one of his main 2020 goals.
Trump Plaza Ownership
Billionaire Carl Icahn assumed ownership of the Trump Plaza from bankruptcy in 2016. Trump had cut ties with Atlantic City in 2009. Before its extinguishment, the only thing that tied him to the city is a small stake in the Trump Plaza in return for the usage of his name. the other two casinos that were once owned by trump are now operating under new brands.
The Golden Nugget was once Trump Marina, and the Trump Taj Mahal is now Hard Rock. The press of Atlantic City reported that Icahn had not obtained a demolition permit as his efforts to receive funding from a state agency had not succeeded. The state agency funding would go towards the cost of the demolition of the Trump Plaza Hotel and Casino.
Atlantic City Mayor Stresses Demolition of Trump Plaza
During his speech this last Thursday, Mayor Small made mention of his opposition to reorganize Atlantic City’s local government. Small also said, “its [a] blight on our skyline … the biggest eyesore in town”. The mayor also added that the Atlantic City’s current situation is not accepted in any other and that his admiration goal is to tear down Trump Plaza. The plaza is not the only building to be demolished. According to the Press of Atlantic City, other vacant properties such as the plaza would be addressed by a code enforcement review panel. Mayor Marty Small is also planning to set up an infrastructure committee and business advisory council to help him with his plans.
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