Plan for $1.5bn Trump Tower on Gold Coast scrapped because brand 'toxic to Australians' [View all]
Source: The Guardian
The Surfers Paradise development has been abandoned with Altus Property Group and the Trump Organization blaming each other
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”.
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In the post, Young said that the US war in Iran had made the Trump brand “toxic to Australians”, something he described as “grossly unfair” on a brand that had “nothing to do with the President”. That link, he claimed, was driven by “pure sensationalism”.
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“It was very predictable and the most likely outcome was that it would all fall over and end in tears,” he said. “The only question was: would it be sooner or later?”
Read more: https://www.theguardian.com/australia-news/2026/may/13/trump-tower-australia-gold-coast-scrapped-ntwnfb
"empty promise, after empty promise" - that IS the Trump brand.
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