Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - AU
The Guardian - AU
National
Joe Hinchliffe

Plan for $1.5bn Trump Tower on Gold Coast scrapped because brand ‘toxic to Australians’

Plans for a luxury high-rise on the Gold Coast glitter strip have been scrapped with the Trump Organization claiming Altus Property Group was unable to meet financial obligations.
Plans for a luxury $1.5bn high-rise Trump Tower on the Gold Coast glitter strip in Australia have been scrapped, with the Trump Organization claiming Altus Property Group was unable to meet financial obligations. Illustration: Altus Property Group

The little-known property developer and the US president’s son were all smiles when they shook hands on Valentine’s Day within the gilded walls of Mar-a-Lago on a deal they claimed would bring a Trump Tower to Australia’s Gold Coast.

But that dalliance has been dashed in less than three months, with the developer now claiming the Trump brand is now too “toxic” to work with – and the Trump Organization responding that their local partner had provided only “empty promise, after empty promise”.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.