Home - CBSNews.com | Developer scraps Trump Tower Australia plans, citing Iran war

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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/

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BBC News | Plans for Australia's first Trump Tower scrapped due to 'toxic' brand, developer says

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Plans for a A$1.5 billion Trump Tower on the Gold Coast—promised as Australia’s tallest building at 335 m with 285 hotel rooms, 272 luxury apartments, shops, restaurants and a beach club—have been abandoned after the developer Altus Property Group deemed the Trump brand “toxic” amid the Iran‑Ukraine war and other controversies; while the Trump Organization cited Altus’s failure to meet financial obligations and accused the developer of blaming world events to deflect from defaults, Altus insists the brand’s reputation in Australia had become untenable and that the project will continue under a different luxury brand, noting that local council had not received a formal development application, profit‑margin disputes persisted, and public opinion was split, with a petition against the tower gathering over 120 000 signatures and a pro‑development petition attracting only about 3 600.

Read more: https://www.bbc.com/news/articles/c4g08dlnd0vo?at_medium=RSS&at_campaign=rss

#TrumpTower #AltusProperty #TrumpOrganization #DavidYoung #GoldCoast #KimberlyBenza #TomTate

Pierre le Cultivateur : comment prolonger la vie de nos tomates

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