{"id":80507,"date":"2026-05-13T14:33:34","date_gmt":"2026-05-13T14:33:34","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-tower-australia-plans-scrapped-as-developer-blames-iran-war-for-making-trump-brand-toxic\/"},"modified":"2026-05-13T14:33:34","modified_gmt":"2026-05-13T14:33:34","slug":"trump-tower-australia-plans-scrapped-as-developer-blames-iran-war-for-making-trump-brand-toxic","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-tower-australia-plans-scrapped-as-developer-blames-iran-war-for-making-trump-brand-toxic\/","title":{"rendered":"Trump Tower Australia plans scrapped as developer blames Iran war for making Trump brand &#8220;toxic&#8221;"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>The gold-tinted image depicts a certain type of corporate paradise. A couple chats on a lounge chair, another pair laughs by a fire pit. More sit under awnings. \u00a0<\/p>\n<p>Behind them, yards from waves lapping at a shoreline, stands the base of a vast and complicated glass structure emblazoned with the word &#8220;Trump,&#8221; glinting in the AI-generated setting sunlight.<\/p>\n<p>&#8220;The next chapter in the global Trump portfolio,&#8221; declares the headline on the website. &#8220;The next ultra-luxury address is coming soon to Australia&#8217;s iconic Gold Coast.&#8221;<\/p>\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-medium\">\n<p>      <span class=\"img embed__content\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2026\/05\/13\/3737c5d6-935f-4fa2-9f15-7424f65a1ab7\/thumbnail\/620x310\/6d7979134527d813b424d8c09b15ad4a\/image.png#\" alt=\"image.png \" height=\"310\" width=\"620\" class=\" lazyload\" srcset=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2026\/05\/13\/3737c5d6-935f-4fa2-9f15-7424f65a1ab7\/thumbnail\/620x310\/6d7979134527d813b424d8c09b15ad4a\/image.png 1x\" loading=\"lazy\"\/><\/span><figcaption class=\"embed__caption-container\">\n<p>                  <span class=\"embed__caption\">An archived image from the &#8220;trumpgoldcoast.com&#8221; website, which is no longer online, shows an AI-generated depiction of a previously-planned Trump Tower in Gold Coast, Australia.<\/span><\/p>\n<\/figcaption><\/figure>\n<p>But the image, and the website where it was found, have been deleted. The project, a Trump International Hotel and Tower in the land down under, is no more.<\/p>\n<p>David Young, CEO of Australia&#8217;s Altus Property Group, the developer behind the $1.1 billion tower plan, says the <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/us-iran-tensions\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">war in Iran<\/a><\/span> has made the Trump brand too &#8220;toxic to Australians&#8221; for the project to continue.\u00a0<\/p>\n<p>The Trump Organization has blamed Young&#8217;s company, accusing it of being &#8220;unable to meet the most basic financial obligation&#8221; and deriding the use of &#8220;world events&#8221; as &#8220;a ploy to distract from his own defaults and failures.&#8221;<\/p>\n<h2>&#8220;The Trump brand and what it represents&#8221;<\/h2>\n<p>In February, the president&#8217;s son Eric Trump <a href=\"https:\/\/x.com\/EricTrump\/status\/2025936863001723097?lang=en\" target=\"_blank\" rel=\"noopener\">posted<\/a> an AI-generated image of a new Trump Tower in the seaside resort of Surfer&#8217;s Paradise, in Gold Coast, heralding what he said would &#8220;soon be the tallest building&#8221; in Australia.<\/p>\n<p>Young, at the same time, posted a photo of himself shaking hands with Eric, and the developer said the 91-story building would cost about $1.1 billion and that it was a project 19 years in the making.<\/p>\n<p>Less than three months later, it ended with finger pointing.<\/p>\n<p>In a statement sent to CBS News&#8217; partner network the <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c4g08dlnd0vo\" target=\"_blank\" rel=\"noopener\">BBC<\/a> on Tuesday, Young wrote: &#8220;Let&#8217;s just say that with the Iran war and everything else, the Trump brand was increasingly toxic in Australia.&#8221;\u00a0<\/p>\n<p>Young rejected the claim that Altus group hadn&#8217;t met financial obligations, and wrote on LinkedIn that the company plans to carry on with the project\u00a0 Trump name or affiliation.\u00a0<\/p>\n<p>A spokesperson for the Trump organization told CBS News it had been &#8220;very excited&#8221; about the project but that it had fallen through &#8220;after months of negotiations and empty promise, after empty promise.&#8221;\u00a0<\/p>\n<p>&#8220;Mr Young&#8217;s attempt to blame certain world events for our termination of the agreement is merely a ploy to distract from his own defaults and failures,&#8221; the spokesperson said.<\/p>\n<p>In a lengthy, and more conciliatory LinkedIn post on Tuesday, Young said it was &#8220;grossly unfair&#8221; that the Trump brand&#8217;s reputation had been tarnished by &#8220;recent events,&#8221; as the brand &#8220;has nothing to do with the President.&#8221;\u00a0<\/p>\n<p>He added that there was &#8220;no acrimony between the Trump family and myself,&#8221; and said the decision was &#8220;pure business.&#8221;\u00a0<\/p>\n<p>Gold Coast Mayor Tom Tate, who met with the president and Eric Trump at Mar-a-Lago before the deal was announced, told the Australian Broadcasting Corporation that no development application was filed for the project.\u00a0<\/p>\n<p>When asked why the deal had fallen through, he said neither side was happy with their profit margins, and &#8220;it&#8217;s all about the money.&#8221;<\/p>\n<p>Australia&#8217;s ABC network recently reported that Young had <a href=\"https:\/\/www.abc.net.au\/news\/2026-03-15\/trump-tower-gold-coast-developer-david-young\/106446292\" target=\"_blank\" rel=\"noopener\">twice declared bankruptcy<\/a>. The Altus Property Group did not immediately respond to a CBS News request for comment.<\/p>\n<p>A petition against the development started by Gold Coast residents \u2014 who cited their discomfort with &#8220;the Trump brand and what it represents,&#8221; had garnered at least <a href=\"https:\/\/www.change.org\/p\/stop-the-proposed-trump-tower-development-on-the-gold-coast\" target=\"_blank\" rel=\"noopener\">140,000<\/a> signatures by Wednesday.\u00a0<\/p>\n<p>On Monday, Eric Trump posted another <a href=\"https:\/\/x.com\/EricTrump\/status\/2053916164837814449\" target=\"_blank\" rel=\"noopener\">AI-generated<\/a> image of a Trump Tower, this time in Tbilisi, the capital of Georgia.\u00a0<\/p>\n<p>The building is set to become &#8220;the tallest building in Georgia,&#8221; he wrote. &#8220;We are so excited to bring it to life!&#8221;<\/p>\n<section class=\"content__body--footer\">\n<\/section>\n<p>  <!-- data-recirc-source=\"chartbeat\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation  component--type-recirculation-collection\">\n<\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><\/p>\n<section class=\"content__tags\">\n<p class=\"content__tags__label\">In:<\/p>\n<\/section>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tower-australia-scrapped-developer-says-iran-war-trump-brand-toxic\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gold-tinted image depicts a certain type of corporate paradise. A couple chats on a lounge chair, another pair laughs<\/p>\n","protected":false},"author":1,"featured_media":80508,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[473,3158,157,6504,1528,800],"class_list":["post-80507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-australia","tag-construction","tag-donald-trump","tag-eric-trump","tag-iran","tag-war"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Tower Australia plans scrapped as developer blames Iran war for making Trump brand &quot;toxic&quot; - World News<\/title>\n<meta name=\"description\" content=\"The Trump Organization says its former Australian construction partner is just distracting from &amp;quot;his own defaults and failures&amp;quot; as he bails on plans for a Trump Tower.\" 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