AU News & Analysis

Trump Tower (AU) $1.5bn Project Scrapped Amid Developer Dispute

Plans for a AU$1.5 billion ($1.1 billion) Trump Tower in Queensland have been terminated, with a developer citing the 'toxic' Trump brand and the Iran war as factors. The 91-story tower was set to be Australia's tallest at 335 meters (1,100 ft) and featured 285 hotel rooms along with 272 luxury residential apartments. The Trump Organization claims the developer failed to meet financial obligations, while the developer argues they are looking into alternatives with other luxury brands. The collapse of this project follows previous announcements made just three months prior.