By David Madden

ATLANTIC CITY, N.J. (CBS) – A plan to give billionaire Carl Icahn $5.6 million in casino tax revenue to help pay for the demolition of the Trump Plaza in Atlantic City is getting some high powered opposition in Trenton.

New Jersey State Senate President Steve Sweeney says he’ll do all he can to block the payment.

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“I think Mr. Icahn needs to demolish Trump Plaza,” Sweeney told KYW Newsradio. “It’s an eyesore, but he needs to do it with his own money. He’s taken enough out of Atlantic City, and we need to ensure that those dollars that are for improvements to the city are used for that and that alone.”

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As for the possibility that Ichan could change his mind and leave the place standing, Sweeney said Icahn could then continue to pay taxes on it.

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Those in favor of the grant suggest it’ll help spur development in the heart of Atlantic City at the end of the expressway.