Accompanying news story dated August 30, 1979:
“Vera Coking was dealt an unbeatable hand by gambling bosses in Atlantic City who wanted to buy her 22-room guest house which stood in the way of a planned hotel complex, but she turned it down.
“They offered her £100,000 ($212,000) down payment; £20,000 ($42,400) a year for ten years; a hotel suite facing the sea, for life; all the food that she and her 63-year-old husband Joey, could eat; and a new Cadillac each year. Vera refused, preferring to try for a much bigger cash offer but now she may regret her decision because the casino/hotel complex is being built around her modest boarding house which is looking less like a gold mine every day, while Penthouse International continue to build theirs, whether she likes it or not.”
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UPDATE: In the 1990s, another developer wanted to buy her house. His name—Donald Trump. He intended to build a parking lot for limousines around his Atlantic City casino and hotel. Despite being offered $251,000 (Trump claims it was a $4 million offer), Coking refused to sell. The city condemned her house, using the power of eminent domain, but with the assistance of the Institute of Justice, Coking fought the local authorities and eventually prevailed.
As for the fate of the home, Coking remained in her house until 2010, when she moved to a retirement home in the San Francisco Bay Area near her daughter and grandchildren. The property was put on the market in 2011, with an initial asking price of $5 million. By September 2013, the price had been reduced to $1 million. The property was finally sold for $583,000 in an auction on July 31, 2014. The buyer was Carl Icahn, who held the debt on Trump Entertainment, owner of Trump Plaza. He subsequently demolished the house on November 19, 2014.
[Details at www.phillymag.com/city/2016/02/08/donald-trump-vera-cokin...]