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Tallest building in Australia

The Grauniad article Norman linked to has the acting mayor stating that they have yet to submit a formal planning application.
And I said that in the very next post, which is here:

"Gold Coast’s acting mayor, Mark Hammel, appeared to contradict the first of those claims when he responded to questions about the proposal with a statement saying that a “formal development application” would still be required for the council to consider the resort."

Haha, they still need approval!
 
We knew Trump Tower Australia wouldn't happen, but here's confirmation it's not going to happen.


"The Trump Organisation, the same outfit that’s spent the last twelve months trying to convince the world that everything Daddy touches turns to gold, has just been told by an Australian developer that their brand is too toxic to slap on a building. Not too gauche. Not too overpriced. Toxic. Like asbestos. Like uranium tailings. Like a Pauline Hanson policy paper."

(The link is a good read, and worth the click.)
 
We knew Trump Tower Australia wouldn't happen, but here's confirmation it's not going to happen.


"The Trump Organisation, the same outfit that’s spent the last twelve months trying to convince the world that everything Daddy touches turns to gold, has just been told by an Australian developer that their brand is too toxic to slap on a building. Not too gauche. Not too overpriced. Toxic. Like asbestos. Like uranium tailings. Like a Pauline Hanson policy paper."

(The link is a good read, and worth the click.)
Hmmm, I find it difficult to believe that a Queensland developer who has been building high rise appartments and hotels on the Gold Coast for yonks is dumping Trump for reasons of high principle. I think it’s far more likely that he realised the obstacles he would face getting that monstrosity approved.
 
Hmmm, I find it difficult to believe that a Queensland developer who has been building high rise appartments and hotels on the Gold Coast for yonks is dumping Trump for reasons of high principle. I think it’s far more likely that he realised the obstacles he would face getting that monstrosity approved.
Principles based on money?

"[The mayor] said it had less to do with relationships and more to do with profit margins.

"It's all about money," Cr Tate told ABC Gold Coast today.

Cr Tate met with Donald and Eric Trump at Mar-a-Lago in the days before the deal was announced, with the Trump Organization footing the cost of Cr Tate's meals, accommodation and transfers.

"The Trump Organization wants a lot more for their brand on the funding side of things, to operate it and the percentage of return," Cr Tate said.

"[Meanwhile] the developer's going, 'Well, I'm putting in all of my money in and you're actually going to take quite a lot of profit', so I think that's why they're parting ways."

Industry sources who have spoken to financiers approached to fund the project said some investors had been wary about the risk associated with a luxury hotel on the Gold Coast."

 
They have announced a Trump Tower for Tbilisi now instead.

Eric Trump
@EricTrump
I am so excited to share the official rendering of Trump Tower Tbilisi.

With a prime location, in the heart of Tbilisi, this tower will quickly become a landmark as the tallest building in Georgia. This marks our first project in the region and we are so excited to bring it to life!
1778663782758.jpeg

link
 
Hmmm, I find it difficult to believe that a Queensland developer who has been building high rise appartments and hotels on the Gold Coast for yonks is dumping Trump for reasons of high principle. I think it’s far more likely that he realised the obstacles he would face getting that monstrosity approved.
Numerous “legacy” media outlets seem to indicate that it was the Aussie developer who was toxic, and indeed quote their CEO as stating it was the Trump Organisation that pulled the pin, e.g.,

However, the developer’s chief executive David Young said The Trump Organisation had pulled the pin on the deal, citing ongoing conflicts in the Middle East and growing “toxic” views of the US President.
As much as I love a Trump bashing, most stories point out Young’s previous bankruptcy and other development failures. Apparently a development plan has not even been submitted to the Gold Coast council.
A spokesperson for the Trump Organization said the company had been excited to bring the project to the Gold Coast, but that Altus failed to meet certain obligations.

"After months of negotiations and empty promises, Altus Property Group was unable to meet the most basic financial obligation," the spokesperson said.
…
ABC investigations into Mr Young found the Queensland businessman had twice declared bankruptcy and had run businesses that collapsed owing millions.
 
Numerous “legacy” media outlets seem to indicate that it was the Aussie developer who was toxic, and indeed quote their CEO as stating it was the Trump Organisation that pulled the pin, e.g.,


As much as I love a Trump bashing, most stories point out Young’s previous bankruptcy and other development failures. Apparently a development plan has not even been submitted to the Gold Coast council.
Thank you. As I said earlier I just can’t bring myself to view a white shoe Gold Coast developer making a principled decision. Ever over anything.
 

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