An investigation by ABC News has brought to light that David Young, the developer proposing the Trump Tower on the Gold Coast, was previously associated with a development company that went into collapse owing creditors a staggering $28 million. This revelation is significant considering the time and resources involved in large-scale property developments such as the Trump Tower project, which is anticipated to be a six-star luxury complex costing $1.5 billion.

The liquidator's report on Young's former company indicates that he was largely 'uncontactable' following the business's collapse in 2010. Young's failure to file crucial financial documents raises questions about his business practices and accountability in previous ventures. The lack of communication and transparency in the aftermath of the collapse indicates potential risks for stakeholders involved in ongoing projects like the Trump Tower.

Despite inquiries from ABC, David Young declined to comment on this matter, leaving a cloud of uncertainty around his past business dealings and the implications they may have on future investments in the Gold Coast area. As the Trump Organization moves forward with the luxury tower development, the scrutiny surrounding Young's past could affect public perception and confidence in the project.