The Trump Plaza Hotel and Casino has been a vacant “eyesore” of Atlantic City for the last six years, and now the city is auctioning off the rights to help blow it off the Boardwalk.
Trump Plaza is scheduled for demolition on Jan. 29, and for the right price, you can push the button that sends it crumbling to the ground.
“This is a once in a lifetime opportunity to bid on the right to push the button to implode Trump Plaza,” says the listing with Bodnar’s Auction Sales.
The current bid at publishing was $62,500. Proceeds from the auction will benefit the Boys & Girls Club of Atlantic City. The auctioneer even stated that the button can be pushed remotely from anywhere in the world.
Atlantic City Mayor Marty Small told attendees of his first address that it was one of his priorities to remove, and ultimately replace the structure.
“My administration’s goal is to tear Trump Plaza down,” said Small. “It’s an embarrassment, it’s a blight on our skyline, and that’s the biggest eyesore in town.”
The gaming property originally opened in 1984 as Harrah’s at Trump Plaza, and by the time it closed in 2014, it had grown into a 906-room hotel with 91,000 sq. ft. of gaming space. In recent years, neighbors have complained of the building’s disrepair and that storms have caused debris to fall from the structure.
Billionaire Carl Icahn currently owns the abandoned building, having purchased Trump Entertainment Resorts in 2016 while it was in bankruptcy.
President Trump previously owned several casinos in the city, but the former Trump Marina is now the Golden Nugget and the Trump Taj Mahal is now Hard Rock Atlantic City.
Trump spent several months on the campaign trail of his initial presidential run boasting about his time as a casino mogul, stating that “Atlantic City fueled a lot of growth” for him, and that “the money [he] took out of there was incredible.”
He also claimed that he “never went bankrupt,” however a leaked tax transcript obtained by the New York Times in May of 2019 showed that Trump sought bankruptcy protections three times, in 1991, 2006, and again in 2009, and had to take a $65 million bailout from the state. Another report confirmed that Trump sold off his father’s $1 billion New York real estate empire to keep his casino’s afloat.
Although he said to have profited upwards of $10 billion from his time in Atlantic City, tax records show he actually lost more than $1.1 billion over the course of a decade on his three casinos.