A cab driver waits outside the Trump Plaza on July 30, 2014 in Atlantic City, N.J.

Tom Gralish/Philadelphia Inquirer/TNS

Fate of Trump Plaza still very much an open question

December 26, 2018 - 9:50 am

ATLANTIC CITY, N.J. (KYW Newsradio) — Once considered one of Atlantic City’s premier locations, the Trump Plaza continues to sit vacant in the center of the town and is now seen by many as an eyesore in need of demolition. 

The Plaza closed more than four years ago, and it’s the one place billionaire investor Carl Ichan still owns in Atlantic City. He’s tried and failed to get government money to help pay to tear it down, and no one is quite sure what it’ll take to get him to sell. 

"What exactly Mr. Ichan is looking for, who knows? But he is a shrewd businessman, and he’s looking to get the best return on his investment. I think it’s as simple as that," Analyst Joe Weinert of the Spectrum Gaming Group said.

Weinert echoes the hopes of a lot of people that the Trump Plaza eventually comes down, and makes way for a mixed use property.

“I think the Plaza site is ripe for a multi-faceted entertainment-based destination,” he added. “That is, it would have a combination of deluxe lodging, food and beverage outlets, an entertainment venue and other related non-gaming amenities.”

And he won’t rule out a casino as part of the plan.