President Trump sells as one down on its luck American city knows and plans to capitalize on his name.
One of President Donald Trump’s former Atlantic City casinos – it closed in 2014 – will be blown up next month after falling into disarray after being closed.
And you can push the button that will take down the building if you win the auction. The demolition of the former Trump Plaza casino is now a fundraiser to benefit the Boys & Girls Club of Atlantic City.
Mayor Marty Small hopes some gullible Hollywood star with money to burn will kick down more than $1 million for the privilege. I would say he is delusional but do not be surprised to see some famous person do it.
“Some of Atlantic City’s iconic moments happened there, but on his way out, Donald Trump openly mocked Atlantic City, saying he made a lot of money and then got out,” said Small. “I wanted to use the demolition of this place to raise money for charity.”
The Boys & Girls Club has hired a professional auction company to solicit bids from Thursday through Jan. 19, when the top bids will be revealed and a live auction will determine a winner.
The organization provides after-school and summer recreation, education and career-training programs for Atlantic City children and teens.
Trump, then a real-estate developer, opened the casino in a prime spot at the center of Atlantic City’s Boardwalk where the Atlantic City Expressway deposited cars entering the resort.
It was the site of many high-profile boxing matches, which Trump would regularly attend.
It closed in 2014, one of four Atlantic City casinos to shut down that year, followed by another former Trump casino, the Taj Mahal, in 2016.
That property has since reopened as the Hard Rock casino.
The third casino Trump used to own here, Trump Marina, was sold to Texas billionaire Tilman Fertitta in 2011 and is now the Golden Nugget.
Trump cut most ties with Atlantic City in 2009 aside from a 10% fee for the use of his name on what were then three casinos in the city.
That stake was extinguished when billionaire Carl Icahn took ownership of the company out of bankruptcy court in February 2016.
Trump Plaza has sat empty for six years, and has been deteriorating. Earlier this year, large pieces of the facade broke loose from one of the hotel towers and came crashing to the ground. In one storm, additional debris fell from the structure onto the Boardwalk.
Icahn, owns the former Trump Plaza building, and has agreed to the demolition.