Wednesday, December 17th1.2°C
24563
23791

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

24380


Recent Trending




Today's Market
S&P TSX14213.88+352.36
S&P CDNX659.03+16.68
DJIA17356.87288.00
Nasdaq4644.312+96.477
S&P 5002012.89+40.15
CDN Dollar0.8590-0.0009
Gold1184.00-9.90
Oil56.14+0.21
Lumber335.50+3.30
Natural Gas3.692+0.073

 
Okanagan Companies
Pacific Safety0.125+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.27+0.04
Cantex0.03-0.005
Anavex Life Sciences0.1659-0.0241
Metalex Ventures0.05-0.005
Russel Metals27.18+1.03
Copper Mountain Mining1.54+0.11
Colorado Resources0.105-0.005
ReliaBrand Inc0.0199+0.0065
Sunrise Resources Ltd0.055+0.005
Mission Ready Services0.22+0.02

 
24130




FEATURED Property
2051601#209, 700 Martin Ave
2 bedrooms 3 baths
$399,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Managing your sales team

Managing a sales team can be quite a challenge. Harnessing individual personality preferences and getting everyone focused on the same goals, moving at the same pace, and working in collaboration to d...


Working under the table

They say there are only two things that are certain in life: death and taxes. Not exactly an uplifting thought, but true nonetheless. Some people try to avoid paying tax by “working under the ta...


Housing prices to skyrocket?

As most of you know, this column was started with a focus on Okanagan real estate. Over time, more and more columnists started covering the real estate sphere and so it morphed in to a personal colum...

_








Member of BC Press Council


22842