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To: miss marmelstein
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.

93 posted on 02/13/2016 11:11:11 AM PST by Elderberry
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To: Elderberry

This report came out at about the time the property was sold:

http://6abc.com/news/home-of-ac-resident-who-challenged-trump-sold/184080/

The video at the link has a brief interview with a local resident who claims that Coking was holding out for $4 million for the property, a price Trump wasn’t willing to pay.


106 posted on 02/13/2016 11:22:02 AM PST by Fresh Wind (Falcon 105)
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