Trump Plaza in Atlantic City is scheduled for implosion next month. But an auction to push the implosion button has been called off by the property’s owner, Carl Icahn.
Trump Plaza will come down in February. An auction to hit the implosion button has been called off, property owner Carl Icahn opposing such an event. (Image:
AP)
New Jersey-based Bodnar’s Auctions announced this week that Icahn Enterprises, which is paying to demolish the Boardwalk eyesore, opposed the auction. Icahn acquired Trump Entertainment Resorts, the former casino company of President Donald Trump, in 2016.
Shortly after announcing the auction, the attorneys for IEP AC Plaza LLC, a subsidiary controlled by Icahn Enterprises, sent a letter stating that IEP AC Plaza LLC was not on board with the situation and would in no way participate or help facilitate, citing safety issues. After exhausting every avenue to bring the parties together to make this exciting event happen, we received the final decision