Donald Trump bid on Tuesday for the 2.5 acres of beachfront property in Atlantic City–the hallowed spot where the Trump World’s Fair Casino once stood. The real-estate magnate once proposed building a 62-story gambling resort on the site.

But earlier this year, his company Trump Hotels & Casino Resorts entered bankruptcy protection. He then agreed to auction off the land, forking over the proceeds, plus $17.5 million in cash, to his creditors. In July, the billionaire won the right to start the bidding at $14.2 million–almost 100% more than the land’s $7.5 million appraisal. It all would have been so tidy.

Trump bid $25 million. Bruce Toll bid $25.15 million.

Posted: 09|14|05 at 9:08 am. Filed under: US News.