Tuesday, September 16th21.9°C
23373
22924

Boarding house at centre of battle between Donald Trump, elderly woman going up for auction

ATLANTIC CITY, N.J. - A former boarding house at the centre of a David and Goliath battle between an elderly woman and Donald Trump is going up for auction.

In the 1990s, Trump had wanted to tear down Vera Coking's building and convert the land into a parking lot for his Trump Plaza Hotel and Casino. Coking fought the state Casino Reinvestment Development Authority from condemning the property through eminent domain. The state Supreme Court sided with her in 1998, ruling the redevelopment agency could not seize the lot.

Much has changed since. Coking, a widow who is now 91, has moved to California. Atlantic city's real estate market is sagging, as is its casino business. Trump Plaza may close in September.

The now-vacant 29-room boarding house has been listed for $995,000 since September. The starting bid for the July 31 auction is $199,000.

"The fact that she trumped Trump — that was the story," real estate agent Nate Chait told The Press of Atlantic City (http://bit.ly/1qY9Lwn ).

"I give her credit for standing up for what she believed in," he said. "She didn't want to leave her home, and money wasn't going to buy her out. Whatever people think about that, it's admirable she held her ground and prevailed."

___

Information from: The Press of Atlantic City (N.J.), http://www.pressofatlanticcity.com

The Canadian Press


Read more Business News

22364


Recent Trending




Today's Market
S&P TSX15547.23+64.671
S&P CDNX976.14-5.36
DJIA17147.91116.77
Nasdaq4555.953+37.05
S&P 5002000.40+16.27
CDN Dollar0.9111+0.0065
Gold1236.90+1.80
Oil94.87+1.95
Lumber349.00+1.00
Natural Gas4.064+0.067

 
Okanagan Companies
Pacific Safety0.175-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.290.00
Cantex0.06-0.01
Anavex Life Sciences0.250.00
Metalex Ventures0.06-0.005
Russel Metals36.09-0.08
Copper Mountain Mining2.68-0.02
Colorado Resources0.17+0.015
ReliaBrand Inc0.0279+0.0039
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29+0.025

 



23171

FEATURED Property
18046612155 Bennett Road, Kelowna, BC
10054028 bedrooms
$329,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...


Brangelina and Celebrity vs Philanthropy

This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...

_








Member of BC Press Council


22755