Norcross Acquires Trump Plaza, Levinson Pleased

Atlantic County Executive Dennis Levinson said he was very pleased that the former Trump Plaza casino hotel had been bought by George Norcross, one of the most influential figures in the Democratic Party. Levinson, who emphasized his Republican affiliation, said politics takes a back seat when the future of Atlantic City is at stake.

Atlantic City Mayor Marty Small Sr. announced the news without naming the buyer on a radio program. Hours later, a spokesperson confirmed that the buyers were Norcross, his children Lexie and Alex, and a small group of investors. According to property records, billionaire Carl Icahn sold the 10-acre site in September for about $5 million.

The sale includes a 10-story parking garage with 2,658 spaces and the 21-story hotel building with 361 rooms, which has been closed since 2014. The larger, older 39-story tower was demolished in February 2021 after neglect made it a hazard.

Levinson said Norcross, who led the $1 billion transformation of the Camden Waterfront and personally contributed $50 million to that project, could have a similar impact here. The new owners have not disclosed their plans. Levinson said he personally expects to see luxury housing on the site rather than a hotel casino.