We went over this yesterday. She should have read “Art of the Deal” and taken the $1.8 mil for that rat trap. She was unduly influenced by her relatives. She lost. End of story.
Yup. She bought it for what...20K? And in less then 20 years could have sold it for $1.8 mil...more then generous compensation.
Missed the discussion and did do a search for the Title but it didn’t come up. Hopefully others will see it because if I missed it someone else did, too. Thanks for letting me know. I would like to read the replies, do you remember the title?
She lost if her only motivation was money. I can’t believe what I’m reading here these days. Any old thing goes if it is Donald Trump saying or doing it.
The Trump group actually offered her $1.8 million????
The way the narrative goes, everybody blames Trump, but her problems started years before when gambling was first introduced. She was offered $1 million the mid 70's. She refused Bob Guccione, so he started his building around it and subsequently ran out of money. The unfinished steel framework stood for years until Trump bought it and had it demolished. https://en.wikipedia.org/wiki/Vera_Coking
In the 1970s, Penthouse magazine publisher Bob Guccione offered Coking $1 million for her property in order to build the Penthouse Boardwalk Hotel and Casino. She declined the offer, and Guccione started construction of the hotel-casino in 1978 around the Coking house, but ran out of money in 1980 and construction stopped. The steel framework structure was finally torn down in 1993.
http://www.pressofatlanticcity.com/communities/atlantic-city_pleasantville_brigantine/vera-coking-s-a-c-home-sells-for-plus-commission/article_b158b06a-18e6-11e4-a333-0019bb2963f4.html
The winning bidder, whose name was not disclosed, took the home for $530,000 plus the 10 percent auction commission.
The dilapidated 29-room boardinghouse has been vacant since 2011, when it was first listed for $5 million. It is assessed at $580,100.
And what the hell difference does it make whether she won or lost? It was her property. She should have the right to sell or not. Eminent Domain should not be used to enrich corporations.