Want to blow up a Trump casino? It’ll set you back $US1 million (or more)


The Boys & Girls Club has hired a professional auction company to solicit bids from Thursday through January 19, when the top bids will be revealed and a live auction will determine a winner. The organisation provides after-school and summer recreation, education and career-training programs for Atlantic City children and teens.

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.

Atlantic City Mayor Marty Small

Trump, then a real-estate developer, opened the casino in a prime spot at the centre 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.

With three casinos, Trump once hailed as the king of Atlantic City, but he cut most ties with the city in 2009.Credit:The New York Times

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 per cent 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.

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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. Small said he is eager to discuss potential uses for the land with Icahn once the casino is gone, including some sort of family attraction.

“Not often does inner-city oceanfront land open up,” the mayor said. “We have one chance to get this right.”

The last casino implosion in Atlantic City was in October 2007 when the former Sands casino was dynamited to make way for a new casino-hotel project that ultimately was never built.

AP

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