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19 and assemble the highest bidders for a live auction 10 days later. We'll find out soon: The AP reports that auctioneers will solicit offers through Jan. Now, Mayor Small hopes the right to finish it off will draw bids in excess of $1 million. Demolition work began on the casino earlier this year after Icahn and city officials reached an agreement to have the structure finally torn down.

While Trump's other major Atlantic City properties - the Taj Mahal and the Trump Marina - have revived with changes in name and ownership, the Trump Plaza has languished in disrepair for the better part of a decade.Įarlier this year, witnesses filmed as high winds tore off pieces of the crumbling facade and sent them tumbling to the ground from great heights. The casino is now owned by billionaire businessman Carl Icahn. (It would file for Chapter 11 protection again in 2014.) He retained just 10% of Trump Entertainment Resorts, the casino's parent company, as part of a deal after the company declared bankruptcy in 2009. But by then, Trump had already shuffled off most of his stake in the casino. The Trump Plaza, one of three major properties in the city once owned by the president, formally folded after a final spasm of layoffs in 2014.

'I wanted to use the demolition of this place to raise money for charity.' 'Some of Atlantic City's iconic moments happened there, but on his way out, Donald Trump openly mocked Atlantic City, saying he made a lot of money and then got out,' Mayor Marty Small told The Associated Press.

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