The original 1 million was offered by Bob Guccione in the 70’s. Later Trump bought the land around her during or around 1993.
He made offers. I haven’t seen official numbers, but one of his sons claimed he offered 1.9 million. He later claimed he would have gone “up to” 5 million, but there is no evidence he offered that amount.
Evidently he saw a better way to make the deal by going through the Atlantic City Casino Reinvestment Development Authority. They offered 251K for the property (clearly not a market assessed amount) in order to acquire the property for Trump.
Articles are around with the number:
https://en.wikipedia.org/wiki/Vera_Coking
the firm that represented her has a long article somewhere that I think I posted earlier.
The 25% is my calculation based on the eminent domain assessment being 25% of the earlier, documented offer amount.
So when did Darth Trump seize the house, throw the little old lady out and raise it to the ground? I hate Zombies.
Thanks for the links.
That’s a very sad story. She should have sold for the 1M she was offered by Guccione the 1970’s, knowing they were going to build a development that would surround and dwarf her house. 1M was a lot of money back then.
Very sad for her and her estate.
In the end, she moved to California and her grandson sold the house to Carl Ichan for $530,000.