What lie???
Do you really think the house was not bulldozed?!?
Instead of relying on years old photographs, why not check the current satellite imagery of that address, where you can clearly see it's a vacant lot now:
Posted on 01/22/2016 8:53:49 AM PST by GodGunsGuts
...
The ad goes on to say that Trump bulldozed the home of an elderly widow in Atlantic City to build a limousine parking lot at his casino.
"Trump won't change the system. He's what's wrong with it," it says in the end.
Cruz tweeted his ad Friday morning saying "It's time we change the system and break the #WashingtonCartel -- together!"
...
(Excerpt) Read more at thehill.com ...
Cruz gets his health care through Goldman Sachs. We learned that during the Obamacare debate. Us folks on Main Street got stuck with Obamacare while elites like Cruz get gold plated Wall Street coverage.
Time for some Goldman Sachs Cruz Family Values ads, IMO. Cruz hypocritically campaigns against the “Washington Cartel” when he is in fact a Goldman Sachs card carrying member of it. It doesn’t get any dirtier than that.
In other words, the greedy son scr**** himself.
I'm sure there's an aesops fable that addresses "greedy son".
“The house was still standing in 2014 when it was sold.”
Well of course, you don’t think it would be bulldozed BEFORE it was sold, do you?
Cruz campaign swinging back.
Gonna be interesting who will be left standing. Cruz is not the Newt or Cain of 2016.
Here’s an interesting report on the sale of the house at auction in 2014.
http://6abc.com/news/home-of-ac-resident-who-challenged-trump-sold/184080/
In the video at that link, a local resident claims that Trump offered her $1.8 million, but she was trying to get $4 million.
“Well that’s an old tire to gnaw on...this was discussed and debated right at the first of Trumps campaign...he paid the lady for her home and she bought another one and had money left over...”
As I understand it that’s what happened at the end of a long running attempt to acquire her property. He first attempted eminent domain and was unsuccessful. He then encouraged the city to condemn her property. She went to court and won. So the final result was Trump meeting her price to acquire the property.
He also defended Kelso, the eminent domain taking of a bunch of homes in CT afterwhich the developer didn’t follow through leaving a bunch of bulldozed, grass covered lots.
From Wikipedia, the free encyclopedia
Vera Coking:
Coking house at 127 S Columbia Pl, between the steel framework of the planned Penthouse Casino; photographed by Jack Boucher for Historic American Buildings Survey, c.1991
Vera Coking is a retired homeowner in Atlantic City, New Jersey whose home was the focus of a prominent eminent domain case involving Donald Trump.
In 1961, Coking and her husband bought the property at 127 South Columbia Place as a summertime retreat for $20,000.
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.
In 1993, Donald Trump bought several lots around his Atlantic City casino and hotel, intending to build a parking lot designed for limousines. Coking, who had lived in her house at that time for about 35 years, refused to sell. When Coking refused to sell to Trump, the city of Atlantic City condemned her house, using the power of eminent domain. Her designated compensation was to be $251,000, about one quarter of what Guccione had offered her 10 years earlier.
With the assistance of the Institute for Justice, Coking fought the local authorities, and eventually prevailed. Superior Court Judge Richard Williams ruled that, because there were “no limits” on what Trump could do with the property, the plan to take Coking’s property did not meet the test of law. But Williams’ ruling did not reject the practice of using eminent domain to take private property from one individual and transferring it to another, which would eventually be upheld by the Supreme Court of the United States in Kelo v. City of New London.
Two other properties that prevailed against eminent domain eventually did sell: Sabatini’s restaurant received $2.1 million and a pawnshop sold for $1.6 million. Their lots became part of a large lawn flanking a taxi stand for Trump’s casino. Coking remained in her house until 2010, when she moved to a retirement home in the San Francisco Bay Area near her grandson, Ed Casey.
Casey subsequently tried to sell the house, putting it on the market in 2011 with an initial asking price of $5 million. By September 2013 the price had reduced to $1 million, but it still did not sell as Atlantic City continued to suffer the lingering effects of the financial crisis of 2007–08 and over-building during the boom that preceded it.
The property was finally sold for $530,000 in an auction on July 31, 2014. Neither the Casino Reinvestment Development Authority nor the owners of Trump Plaza expressed any interest in the auction. The buyer was Carl Icahn, who held the debt on Trump Entertainment, owner of Trump Plaza. He subsequently demolished the house.
The adjacent Trump Plaza Hotel and Casino, the property for which Trump wanted Coking’s property to begin with, closed on September 16, 2014 due to lack of business.
Don’t be posting facts.
Too hard for some to read with blood coming out of their eyes and whatever
And the white man seized the Indians land, etc., etc., etc. And thus will it be until the end of time, or, alternatively, until the arrival of full-on socialism. So choose your druthers.
I see bleeding heart liberals who live in DC area neighborhoods that within my memory were home to black working class families. Or poor black families. The real estate became more valuable and was put to another use. None of those crying libs would have lived in those hoods when they were black and/or working class. So stuff it. That’s just how it works, fellas. Sorry.
shoot, I can’t read your article.
Did she or her son put the house up for sale? If so, what a dishonest ad.
But Trump never acquired the property, she sold it of her own free will.
The eminent domain thing happened in 1993.
If Trump presents a plan that is good for the city, that doesn't make them his cronies. And eminent domain is a process available to governments that is actually in the constitution, so it's not like the founding fathers didn't realize sometimes governments would have to force buy outs.
The woman, Vera Coking, had owned property near the Trump Plaza Hotel for three decades, and didn't want to move. Trump thought the land was better suited for use as a park, a parking lot, and a waiting area for limousines.Trump supports Kelo.He tried to negotiate, at one point offering Coking $1 million for the land. But she wasn't budging. So New Jersey's Casino Reinvestment Development Authority filed a lawsuit, instructing Coking to leave within 90 days and offering compensation of only $251,000.
Perhaps the only upside to this story is that in neither case did Trump succeed. The Bridgeport plan fizzled.
Coking fought in court, and in part because these were the days before Kelo was decided, no doubt, she was lucky enough to win. In 1998, a judge threw out the case.
What lie???
Do you really think the house was not bulldozed?!?
Instead of relying on years old photographs, why not check the current satellite imagery of that address, where you can clearly see it's a vacant lot now:
When Coking refused to sell to Trump, the city of Atlantic City condemned her house, using the power of eminent domain.
She refused to sell to Trump. Then, Trump got his cronies on the Atlantic City CRDA to try to condemn her house and give it to Trump.
TRUMP NEVER OWNED THE PROPERTY.
TRUMP NEVER BULLDOZED THE PROPERTY.
THE CRUZ AD IS A LIE.
I've read just a tiny bit about it, but in some cases they ended up as equity stake partners in exchange for renegotiating debt levels.
In the end he has to be making them money, or they would quit lending it to him by the truckload.
Exactly. Because only non-rational posters posting this eminent domain nonsense have serious case of TDS.
Like I said, offer me 50% more than market value of my house, and I will agree in a New York minute. I have zero attachment to the bricks and wood shell of my house. I will take my photo’s and other personal belongings and buy a 50% better house. May be that is why some people never get rich. They are financially impaired.
Seriously. No one has a right to turn down an offer for their property. Where does this lady get off? Plus she was turning down an offer from Trump!!! She should have just given him her land.
If a developer can generate more tax money for the government, the developer and government should collude to seize the homeowner's property.
Go Kelo! Go Trump!
That reaches a solution then
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