People under 30 years old may know Donald Trump only as a reality show star and the current occupant of the White House. But before his television career, the President had a significant career in real estate. Part of his portfolio were a number of Atlantic City Casinos.
The casinos were largely failures. The bankrupted Trump Plaza was purchased by billionaire Carl Icahn in 2019. The mayor of Atlantic City, Marty Small, recently said that he hopes the “eyesore” building are soon taken down.
Trump had built two other casinos in the town, the Trump Marina and the Trump Taj Mahal. Those gambling places are now operating under different names.
It has yet to be revealed what Carl Icahn hopes to do with the Trump Plaza building. The financier has yet to obtain a demolition permit to take it down.
Small said of the property, “My administration’s goal is to tear Trump Plaza down. That’s not accepted in any other city but Atlantic City. It’s an embarrassment, it’s blight on our skyline, and that’s the biggest eyesore in town.”
Despite the 3 failed casinos, Trump has bragged about his success in Atlantic City. He said during a 2015 debate:
“And I had the good sense to leave Atlantic City, which by the way, Caesars just went bankrupt. Every company, Chris can tell you, every company virtually in Atlantic City went bankrupt. Every company.
And let me just tell you. I had the good sense, and I’ve gotten a lot of credit in the financial pages, seven years ago I left Atlantic City before it totally cratered, and I made a lot of money in Atlantic City, and I’m very proud of it. I want to tell you that. Very, very proud of it.”