Icahn Enterprises, a publicly traded company headed by billionaire Carl Icahn, has revealed its plans to completely raze the Trump Plaza Towers, a casino resort which has been unoccupied since it was closed in September 2014.
The plans surfaced when Icahn Enterprises filed an application with the Atlantic City government for completely razing down the Trump Plaza Towers. However, it could take another year until the Boardwalk Towers come down.
Marty Small Sr., mayor for Atlantic City, has long been calling on the billionaire to demolish Trump Plaza casino resort at the earliest possible. Recently, a New Jersey Superior Court judge ordered his company to submit a plan with the city authorities providing details how and when the vacant property would be demolished.
The city’s democratic mayor has just held a news conference outside the property to announce that Icahn Enterprises is planning to completely demolish the casino resort. In its previous plans, the company suggested only razing down the original hotel tower. In its new plan, the company has agreed to raze down the east tower as well. However, the demolition process may consume around a year as the company told city authorities that the project could be completed by June 2021.
However, the democratic mayor wants the Icahn Enterprises to complete the process of demolishing both of the towers of the vacant the Boardwalk property by the end December 2020. The mayor said that time demanded by the company for razing down the property is “not acceptable” to the city.
Supporting the city mayor, Atlantic City Fire Chief Scott Evans said, “Vacant buildings are not good for a city, especially high-rises. We’ve been responding to this building many times, mostly for debris falling from the building. Debris has fallen from the 34th floor. It’s nerve-wracking for us when we get high winds.”
The property in question was constructed by President Donald Trump in partnership with Holiday Inn’s subsidiary Harrah’s Entertainment. It was opened as Trump Plaza in 1984. Trump acquired Harrah’s stake but its poor financial performance prompted him to sell it to Carl Icahn in 2016. After acquiring the property, Icahn Enterprises showed no interest in revamping the deteriorating complex. Pieces of the building’s exterior often fall on the streets below, boosting calls for its complete demolition at the earliest possible.