Trump and Eminent Domain Issue

coking house

After reading the facts on this matter. The only thing I keep thinking is: “wow, this woman was stupid.” She could have made millions, but instead sold it at “public auction.”
 
Here is the short version of the story:

  • In 1961, Coking and her husband bought the property at 127 South Columbia Place as a summertime retreat for $20,000.

 

  • 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.

 

  • 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. Reports are: She was offered $1 million.

 

  • The city of Atlantic City (not Donald Trump) condemned her house, using the power of eminent domain. Her designated compensation was to be $251,000 (one-quarter of what Guccione had offered her 10 years earlier.)

 

  • With the assistance of the Institute for Justice, Coking fought the local authorities, (not Donald Trump) 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.

 

  • Two other properties that prevailed against eminent domain eventually did sell: Sabatini’s restaurant received $2.1 million and a pawn shop sold for $1.6 million.

 

  • 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.

 

  • 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.

 

  • 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.

 

Wikipedia has a good and short rundown on this and you can read it yourself at this link


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February 13th Show

debate
This week our good friend Jim Choma came on the show to give a leftist view of the news. While Terry gave a rightist view of the news. Needless to say, a battle started and that’s when the show became enjoyable.

~Enjoy~

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On Today Show

2-16

Jim Choma and Terry Rauch will square off on current issues. Will it be a blood bath? (or a sissy slap fest)


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FEC Releases Presidential Finance Report For 2015

Dec campaign money

The numbers are staggering. This report gives you a glimpse of the money needed to run a Presidential campaign. This is the 2015 end of year report.

Here are a few interesting things we see in this report:

  • Clinton has raised the most money for the Democrats, but have also spent the most money.
  • Carson has raised the most money for the Republicans but has also spent the most money.
  • Christie has the least amount of money by the end of the year that is still running.
  • Trump campaign is being paid for by himself and will always show a loss.
  • Trump is the most thrifty.

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Will History Repeat For Hillary

DemocratCandidates
As democrats become nervous (or excited) over the idea that Bernie Sanders beating Hillary, looking back at the 2008 election with Hillary and Obama running we see it could very much happen to her. The turning point on Hillary was after the New Hampshire primary. (February 10th, 2008)

2008 election-1

Mr. Sanders is projected to win the New Hampshire primary by a large margin, which could give him the needed boost to possibly win the primary election. Let’s see if history repeats itself.

2016 electionprimary


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February 6th Show

AskTheLawyer

This week Frederick J. Schutte came on the show for “ask an attorney” where he answers different legal questions for us. Great show with lots of information. We also caught up on news stories from over the week.

Here’s Attorney Schutte website: Frederick Schutte’s website

~Enjoy~

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