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Atlantic City Story: Should Icahn be able to use tax funds to demo Trump Plaza?

Atlantic City Story: Should Icahn be able to use tax funds to demo Trump Plaza?

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Trump Plaza closed activity

Trump Plaza Hotel and Casino closed in September 2014.

ATLANTIC CITY — Carl Icahn, the billionaire owner of the shuttered-Trump Plaza,  wants to use $5.6 million from a tax fund casinos contribute to annually to cover a portion of the property’s demolition cost.

The Casino Reinvestment Development will now decide if he can. 

Should Icahn be able to use tax funds to demo Trump Plaza?
Staff writers Nicholas Huba and Erin Serpico discuss if Carl Icahn should be able to use Investment Alternative Tax to raze the closed Trump Plaza.

On this week's Atlantic City Story podcast, Nicholas Huba and Erin Serpico discuss if Icahn should be able to use the funds to demolish the property once owned by President Donald J. Trump. 

The demolition will cost approximately  $13.2 million and take 15 months to complete. Following the razing, a 160-space parking lot will be built on the site.

A new episode of The Atlantic City Story podcast is available every Saturday morning. This podcast and previous episodes are also available on iTunes, SoundCloud and Stitcher.

Contact: 609-272-7046

nhuba@pressofac.com

Twitter @acpresshuba​

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