The Donald and the Dame

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Donald Trump has always been great at grabbing headlines. Wherever he goes he creates a flurry of media excitement and wherever he goes he makes very big promises. Trump has done that in real estate development, publication, retail, television, sports and gaming. But, after 40 years of owning casinos, it is impossible to take him seriously. He is better at filing for bankruptcy than he is at operating casinos. However, it is equally impossible to ignore him, even as he prepares to leave Atlantic City, he is still grabbing for headlines. His remaining stake is a small equity ownership interest in his former casinos. He is just a stock holder with no management role and now he is promising to sell his interest if he gets his way in New York. Trump does have a property in Las Vegas, but it does not have gambling. His time in gaming is nearly over.

Trump is one of the bidders for the Buffalo Bills. The Donald is offering a billion dollars for the Bills and he promises to keep the team in Buffalo. Trump has always been good at making promises, but I can’t remember when last he lived up to one. In fact, Trump has made so many grandiose promises over the years, that very few people believe him any longer. He has owned professional sports teams in the past and therefore has some experience at it. But if his sports management is like his casino management, it would be hard to list it among his skill sets.

At the same time Donald Trump is promising to sell his interest in Trump casinos, a long time adversary of his is selling her house. Vera Coking has repeatedly refused to sell her house to Trump. At the height of his power, he was powerless to force her out. Now, she is old, living in California and willing to let the house go. It sold at auction for $530,000, much less than Trump had once offered her, but most likely more than Trump will get for his remaining shares of Trump casinos. Vera certainly won the battle for return on investment; she and her husband paid $20,000 for the house in 1961. Donald Trump invested hundreds of millions of dollars in his Atlantic City house, albeit mostly with other people’s money. Victory does not always go to the loud and powerful, nor does it often go to the meek and powerless. Sometimes, victory just belongs to the passing of time.

It would be hard to find a story that better illustrates the changes that have taken place in Atlantic City in recent years than the story of the Donald and the Dame.

Donald Trump will sell any remaining casino assets he owns if his $1 billion-plus bid emerges as the highest accepted offer for the NFL’s Buffalo Bills, The Post has learned. The Donald is one of three bidders looking to buy the storied franchise, which went on the block after owner Ralph Wilson Jr. died in March. Separately, the Wilson estate is expected to extend the July 29 bidding deadline, according to two sources close to the situation — perhaps because it was disappointed after only three bidders materialized. Lois Weiss/ Josh Kosman, New York Post, 7-31-14

She once called Donald Trump “a maggot, a cockroach and a crumb.” This week, he remembered her as “an impossible person.” The woman who became a folk hero for resisting decades-long efforts by big-name developers like Trump to displace her Atlantic City boardinghouse is now 91 and, apparently, the victor. Vera Coking has moved to California to be near her family. And the 29-room property she and her husband bought for $20,000 in 1961 and fought to hold onto is on the auction block Thursday for a $199,000 starting bid. The now-vacant property had been listed for $995,000 since September. Samantha Henry, Associated Press, 7-31-14


1 Response to “The Donald and the Dame”

  1. 1 3 reels September 11, 2014 at 11:29 pm

    Pretty nice post. I just stumbled upon your weblog and wished to say that I’ve truly
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