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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 #
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The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI. Always read the full article for the original content. Contact the bot Maintainer for suggestions and feedback.
mastodon.ozioso.online
The Daily Beast Latest Articles | ‘Toxic’ Trump Tower Deal Goes Up in Flames in Ally Country by Cameron Adams
AI generated summary, Read the full article for complete information.
The proposed 91‑story Trump Tower in Surfers Paradise on Queensland’s Gold Coast – touted as Australia’s tallest building and featuring luxury apartments priced around $2.5 million – has been cancelled after developers cited the “toxic” Trump brand, heightened Middle‑East tensions and Donald Trump’s damaged reputation, while the Trump Organization blamed Altus Property Group for failing to meet licensing obligations and basic financial commitments; over 120,000 Australians signed petitions against the project, and the tower’s removal from the Trump Organization’s website underscores that the venture will not proceed for now.
Read more: https://www.thedailybeast.com/toxic-trump-tower-deal-goes-up-in-flames-in-ally-country/
#TrumpTower #EricTrump #Altus #TrumpOrganization #DonaldTrump #DavidYoung
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