Published 23:26 IST, June 11th 2020
Carl Icahn to raze both towers of ex-Trump casino. But when?
Billionaire investor Carl Icahn has filed plans to demolish a former Atlantic City casino built by now-President Donald Trump, but Icahn and the city have not yet agreed on when the towers will come down.
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Billionaire investor Carl Icahn has filed plans to demolish a former Atlantic City casi built by w-President Donald Trump, but Icahn and city have t yet agreed on when towers will come down.
Mayor Marty Small held a news conference Thursday to anunce that Icahn's company has filed demolition plans with city that call for both towers of casi to be imploded, a departure from initial discussions that would have razed only one.
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But Icahn's plans call for structures to be demolished by June 2021, a timetable Small called “t acceptable.”
“My ministration's goal is to get it down by end of this year, or by late February,” mayor said.
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Icahn and his representatives did t respond to numerous messs seeking comment. In March, Icahn said through a spokesman that his company h alrey committed itself to tearing down building and did t need to be prodded by city, which took Icahn to court to force demolition.
In recent years, Icahn has requested use of more than $5 million in redevelopment tax payments that Trump Plaza me while it was operating to help offset cost of demolition.
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"That is t part of equation," Small said.
mayor commended Icahn for being willing to work with city to bring down former casi, which Trump opened in 1984 in a prime spot at center of Atlantic City's Boardwalk where Atlantic City Expressway deposited cars entering resort.
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It closed in 2014, one of four Atlantic City casis to shut down that year, followed by ar former Trump casi, Taj Mahal, in 2016. That property has since reopened as Hard Rock casi.
But Trump Plaza has sat empty for six years, and has been deteriorating. Earlier this year, large pieces of face broke loose from one of hotel towers and came crashing to ground. In a recent storm, ditional debris fell from structure onto Boardwalk.
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“Vacant buildings are t good for a city, especially high rises,” said Fire Chief Scott Evans. “We've been responding to this building many times, mostly for debris falling from building. Debris has fallen from 34th floor. It's nerve-wracking for us when we get high winds. I cringe.”
Trump cut most ties with Atlantic City in 2009 aside from a 10% fee for use of his name on what were n three casis in city. That stake was extinguished when Icahn took ownership of company out of bankruptcy court in February 2016.
23:26 IST, June 11th 2020