Plans for a 91-storey “Trump Tower” on Australia’s Gold Coast are scrapped after the Trump Organization and its local partner exchange blame for the failed project. The proposed development, described as a luxury project for Surfers Paradise, was set to cost about A$1.5 billion and would have become Australia’s tallest building.
Multiple reports say the developer involved in Australia says the Trump brand became “toxic” and is no longer workable, while the Trump Organization responds that the local partner made “empty promises,” with claims that the partner delivered little progress toward the project. The Guardian and other outlets report the dispute includes competing assertions about what each side did or did not do after deal-signing.
The Free Malaysia Today report says the Trump Organization drops the plan and will look at other development opportunities. While some outlets add speculation about contributing factors, all sources reviewed agree on the central point: the Gold Coast Trump-branded tower project does not proceed and the parties blame each other for its collapse.
