ATLANTIC CITY, N.J. – Billionaire investor Carl Icahn is the person who bought an Atlantic City property that earned its owner folk hero status for resisting decades of overtures from developers including Donald Trump.
Citing real estate records, The Press of Atlantic City (http://bit.ly/1vmkGEL) reports Icahn’s IEH Investments LLC paid $583,000 for Vera Coking’s modest three-story boardinghouse at an auction in August.
Coking won attention over the years as she repeatedly rebuffed offers from Trump and Penthouse publisher Bob Guccione, as well as an attempted state takeover of her property. She now lives in a California retirement home.
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.
Information from: The Press of Atlantic City (N.J.), http://www.pressofatlanticcity.com