“Cruz: You wanted to take an old woman’s house from her to build a parking lot. Did you win?”
Wrong. He was willing to pay more than a fair price for the house. She refused and now the house is on the market for far less money. IMHO in the long run she is the one who lost.
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.
Coking remained in her house until 2010, when she moved to a retirement home in the San Francisco Bay Area near her daughter, Claudia Casey Coking and her grandchildren, Ed Casey, Raymond Casey and Claudia Casey- Fernandez
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.[citation needed]
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.
Note: The property was ultimately sold for twice what she would have received thru eminent domain seizure.
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She or her family lost money. Vera Coking if she's still living is with her son in CA.
They sold the house in 2014 for something around $537,000 dollars, many dollars under
what was offered much earlier. And Trump didn't buy it.
The Coking house
And the walls came tumbling down.
