Once upon a time, there was a little house that stood between two huge buildings. And … it stood … and it stood. And … it went to court to prove … that it could.
But to hear Ted Cruz tell the story … the big bad wolf (Donald Trump), blew that little house down and the little old lady inside … lost her home.
Now … for the adults in the room … here is the real story.
Ted Cruz would have you believe that Trump had a little old lady’s house torn down via eminent domain, and that she was left homeless … all, for the sake of building parking lots for limousines.
The true story is that she … Vera Coking … and her husband bought the home for $20,000.
Nine years later, she was offered 1M from Bob Guccione (Penthouse magazine publisher). She turned that down.
He (Bob Guccione) built his casino around her house. However, he eventually ran out of money. That was in the 70s.
Then in 1993 … Enter Trump. 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. The Courts ruled in Coking’s favor. SHE WAS NEVER FORCED TO LEAVE HER HOME.. She did, however, eventually move to an assisting living facility, to be closer to her grandson.
Her grandson eventually tried to sell the house, putting it on the market in 2011 with an initial asking price of $5 million. The price was reduced to $1 million, but it still did not sell. The property was finally sold for $530,000, at auction.
This is the true story.
There was no “poor” widowed woman, who was forced out of her home. In my opinion, had she been a smart business woman, she would have taken the money offered, initially, bought a much nicer home, and put the rest of the money into her savings. But, that was her choice, and only her choice to make. And, the court also sided with her, so she stayed in her home.
What is being left out of this story is the amount of jobs that were not had because she would not sell. And, the amount of revenue that would have come back to the city, had she sold.
No matter what one thinks of Trump. (He has spoken the truth and made no apologies.) or what one thinks of eminent domain (keep in mind, those of you that are in favor of the Keystone pipeline … eminent domain will play a big part) … it cannot be disputed that Cruz did accuse Trump of running a little old lady out of her home in order to build parking spaces for limousines, on prime-time television.
The only thing that got built here … was one big fabrication … by Ted Cruz.
Feb 1, 2016 @ 15:53
© property of Debbie Barth all rights reserved.
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