Trump Hotels & Casino Resorts Inc. Chairman Donald Trump has a new plan for redeveloping the old Trump World's Fair Casino site with a new hotel and casino keep growing more ambitious.

He now wants to build a 62-story tower with 4,612 hotel rooms and 500,000 square feet of retail and entertainment space. The proposed price tag: $1.5 billion.   바카라사이트 추천

That's twice the price of his 1999 plan for a 4,000-room hotel. According to the 1999 timeline, construction on that structure was to have begun by now.

The bigger proposal was one of six plans approved Thursday by the state Casino Reinvestment Development Authority.

The other five projects are scheduled to begin construction this year. Ground would not be broken on the Trump plan until at least 2007. The earliest opening day would be in 2009.

Some industry watchers are skeptical about Trump's ability to realize his dream.

"It seems like an aggressive plan to me, given that they don't control the necessary acreage and don't have access to that much financing," Bank of America analyst Andrew Susser told The Press of Atlantic City for Friday's editions.

The old World's Fair building was demolished this spring. Trump owns that 2.5-acre site, but would need more land to erect the tower, which would be the second-largest hotel in the world, trailing only the 5,034-room MGM Grand in Las Vegas.

It would also be the tallest building in Atlantic City, towering 11 stories over the Trump Taj Mahal.