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'Toxic': Plan to build 91-storey Trump Tower on Gold Coast scrapped
The plan to build a Trump Tower on the Gold Coast has been abandoned. (Supplied: Altus Property Group)
A plan to build a Trump Tower at Surfers Paradise has fallen through.
The Trump Organization has removed the project from its website, while the developer says the brand is "toxic".
Gold Coast Mayor Tom Tate says the deal was likely abandoned for financial reasons.
Plans for a $1.5 billion Trump Tower on the Gold Coast have been scrapped less than three months after the deal was made.
The 91-storey, branded tower was announced on social media in late February by Eric Trump, US President Donald Trump's second son.
Plans for $1.5b luxury Trump Tower on Gold Coast axed, developer confirms
Controversial plans for a $1.5 billion Trump Tower on the Gold Coast have been scrapped less than three months after a deal was signed.
The 285-room luxury hotel proposed for Surfers Paradise would have been Australia’s tallest building, soaring 91 storeys above the glitter strip.
Altus Property Group chief executive and founder David Young rebuffed claims the Trump Organisation had pulled out of the project because the development company had not met its obligations.
“Let’s just say that with the Iran war and everything else, the Trump brand was increasingly toxic in Australia,” Young said in a statement.
“Some time ago we knew it was time to part company.
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