Atlantic City auctions off chance to blow up Trump Plaza casino as shuttered gambling spot 'has fallen into disrepair'

THE FORMER Trump Plaza casino is set to be dynamited and Atlantic City is auctioning off the chance to push the button to demolish it.

Trump Plaza, which then-real estate developer Donald Trump opened in 1984, shuttered in 2014 and is slated for implosion on Jan. 29. 

Atlantic City Mayor Marty Small on Thursday announced a fundraiser for the honors of pressing the button, in hopes of raising more than $1million for the city’s Boys & Girls Club.

Small, a Democrat, was not shy about criticizing President Trump in his remarks about the auction.

“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,” Small said in a news conference.

“I wanted to use the demolition of this place to raise money for charity.”

A professional auction company hired by the Boys & Girls Club of Atlantic City started seeking bids on Thursday and continue until Jan. 19, when the top bidders will be revealed. 

The winner will be selected through a live auction. 

Bidding online has seen “a lot of action already,” Small said. 

Trump Plaza has been falling apart slowly in the six years it has sat vacant at the coastal New Jersey resort city. 

Parts of the original facade broke off from one of the towers earlier this year, and more pieces fell onto the Boardwalk during a storm. 

Trump, who owned three casinos on the Boardwalk, pulled out of Atlantic City in 2009, keeping only a 10 percent fee for using his name on the hotels. 

His final stake disappeared in February 2016, when billionaire Carl Icahn purchased the bankrupt company. 

Icahn, who now owns the building that was Trump Plaza, is on board for tearing it down.

Small plans to speak with Icahn about possible uses for the prime spot on the Boardwalk once the old Trump building is gone.

“Not often does inner-city oceanfront land open up,” Small said. 

“We have one chance to get this right.”

Besides Trump Plaza, the then-future president owned the Trump Marina and Taj Mahal casinos in Atlantic City.

Texas billionaire Tilman Fertitta bought Trump Marina in 2011 and converted it to the Golden Nugget.

The Taj Mahal closed in 2016 and is now a Hard Rock property. 

The former Trump Plaza will be the first casino to be dynamited since the implosion of the old Sands casino in October 2007.

Source: Read Full Article