Donald Trump

Billionaire Pays $583K for Atlantic City Holdout's Home

A billionaire investor has been identified as the person who bought an Atlantic City property that earned its owner near-folk hero status for resisting decades of overtures from developers including Donald Trump.

Citing real estate records, The Press of Atlantic City reports Carl Icahn's IEH Investments LLC paid $583,000 for Vera Coking's modest three-story boardinghouse at an auction in August.

Coking won praise and attention over the years as she repeatedly rebuffed offers from Trump and Bob Guccione, as well as an attempted state takeover of her property. She now lives in a retirement home in California

Construction crews are now removing asbestos from the building in advance of its demolition. Many of the windows are gone, and the exterior has been wrenched off one side. The home sits next to the now-closed Trump Plaza casino.

Copyright AP - Associated Press
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