In mid-June, Atlantic City Mayor Marty Small announced the building's demolition, after taking legal action over what he considered to be a danger to residents. Since 2016, the two-building complex has belonged to billionaire investor Carl Icahn, who was one of Trump's main Atlantic City financiers. On several occasions during storms, pieces of its exterior have fallen onto the seaside promenade that runs alongside the building. It opened in 1984 and has undergone little to no maintenance since shuttering.