Home - CBSNews.com | Developer scraps Trump Tower Australia plans, citing Iran war AI generated summary, Read the full article for complete information. The $1.1 billion Trump International Hotel and Tower planned for the Gold Coast, Australia, has been cancelled after the developer, Altus Property Group’s CEO David Young, said the Iran war made the Trump brand “toxic” to Australians, prompting the Trump Organization to end the deal and accuse Young of financial defaults; Young denied the accusations, insisting the termination was purely business‑related and not personal, while noting the project could proceed without the Trump name—additionally, a local petition opposing the development has amassed over 140,000 signatures, reflecting widespread discomfort with the Trump brand. Read more: https://www.cbsnews.com/news/trump-tower-australia-scrapped-developer-says-iran-war-trump-brand-toxic/ #DavidYoung #AltusGroup #TrumpOrganization #TomTate #EricTrump #TrumpTower #