Luster Lost, Atlantic City Home Is Auctioned for $530,000
“An Atlantic City homeowner who became known for fending off eminent domain, Donald J. Trump and his multimillion-dollar offers finally sold the property at auction on Thursday. The price was $530,000.
The fight over the three-story boarding home turned the owner, Vera Coking, into a folk hero as she resisted Mr. Trump and public officials, eventually beating back an eminent domain suit in 1998 for an expansion of the neighboring Trump Plaza casino. Bob Guccione, the Penthouse publisher, also made an unsuccessful play for the property, on South Columbia Place, for a casino of his own in the 1970s.
Ms. Coking, who bought the boardinghouse with her husband for $20,000 in 1961, held out until she moved to a retirement community in California in 2011, at which point her grandson, Ed Casey, put the property on the market for $5 million.”
Chaban, Matt. New York Times 1 August 2014.