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 â€” 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
Read more Business News
- Store owner fed up with theftPenticton / S. Okanagan - 7:04 pm
- Naming Kelowna's new hotel?Poll - 5:00 pm
- Borba testimony concludesPenticton / S. Okanagan - 5:05 pm
- Medical issue sends SUV into creekKelowna - 3:55 pm
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.25||+0.01|
|Copper Mountain Mining||2.93||+0.02|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.245||-0.005|
Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....
Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...