Trump Tower Project in Queensland Cancelled After Three Months

Sydney. A plan to build a Trump Tower in Queensland, Australia, at a cost of 1.5 billion Australian dollars (approximately 1.1 billion US dollars) has been cancelled. This decision comes just three months after the project was announced. 

The proposed 91-storey luxury hotel was to be constructed in Gold Coast. It was claimed to be the tallest building in Australia. Its height was stated to be 335 meters. This was going to be Australia's first Trump Tower.

Project details have been removed from the Trump Organization's website. Trump Organization spokesperson Kimberly Benza accused the company responsible for building the tower, Altus Property Group, of failing to meet its obligations. However, Altus Property Group has denied the allegations, stating that the project will proceed with other luxury brands.

Company CEO David Young stated that the Trump brand is becoming increasingly 'toxic' in Australia due to the Iran war and other developments.

'We had decided to separate from the Trump group some time ago. This is not a matter of failing to fulfill obligations,' he said.

Meanwhile, the Trump Organization claimed that while they were excited about the project, the partner company could not even meet basic financial obligations.