Sweeney Urges CRDA Not to Pay Carl Ichan for Trump Plaza DemolitionLast Edited:
New Jersey State Senate President Steve Sweeney (D) is taking a stand against the use of taxpayer dollars to help pay for the demolition of the former Trump Plaza in Atlantic City.
On Wednesday, November 22nd, the New Jersey Casino Reinvestment Development Authority (CRDA) gave preliminary approval to let billionaire investor Carl Icahn use $5.6 million from investment tax credits to help pay to tear down one of the two Trump Plaza towers in addition to a bridge.
Less than a week later, on Monday, November 27th, Sweeney called for the CRDA to reject the payment, saying Icahn is “no friend to Atlantic City and has a record of harsh treatment of working people."
Icahn and the CRDA have stated that the demolition project would make way for new development opportunities that would benefit Atlantic City.
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