His last remaining interest in the city, a small stake in the company in return for the use of his name, has since been extinguished. Trump cut most ties with Atlantic City in 2009, and he sued to have his name removed from the shuttered Plaza building in Oct. It is currently owned by billionaire Carl Icahn, who assumed ownership of Trump's former casino company from bankruptcy in 2016. Mayor Marty Small said in a speech Thursday to a business group that knocking down the vacant casino once owned by President Donald Trump is one of his main goals for 2020. Atlantic City's mayor wants to demolish the former Trump Plaza Hotel & Casino.
