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Fifteen years later Ichan bought the property at auction (for $530k) because the grandson couldn't find any takers at the amounts offered to his grandmother in the past so he put the house up for auction.

I think Ichan is part of the group that owns what was Trump Plaza.

I think Ichan is part of the group that owns what was Trump Plaza.

http://m.pressofatlanticcity.com/news/top_three/carl-icahn-won-t-approve-sale-of-trump-plaza-for/article_6bf05244-abb4-11e2-97a7-0019bb2963f4.html?mode=jqm

Billionaire investor Carl Icahn, who holds the mortgage on the Trump casinos, said Monday there is no way he will approve the proposed $20 million sale of Trump Plaza Hotel and Casino.

Icahn, in an interview with The Press of Atlantic City, contended the price is simply too low, although he declined to say how much he thinks Atlantic City’s poorest-performing casino is worth. In the meantime, Trump Plaza’s sale to a California company is on hold.

"It’s as black and white as it can be: They can't sell that casino without our consent. It's not going for anywhere close to $20 million," Icahn said.

As Trump's senior lender, Icahn must approve the deal. Icahn said he holds the mortgage for both Trump Plaza and Trump Taj Mahal Casino Resort. His office said the mortgage totals $289 million.

Icahn's opposition is blocking the Meruelo Group, of Downey, Calif., from completing its $20 million purchase of Trump Plaza. The deal, announced in February, would be the lowest sale price ever for an Atlantic City casino

Trump was unable to sell Trump Plaza and it was closed.

Very interesting connection there.