Ski resort heads to auction after bank foreclosure
Ski resort Flat Top WinterPlace is to be sold at auction by month end after Highland Ski Ltd fails to repay an $800,000 note from Princeton Bank. First Community Bank attorney Jerry Cameron said the bank foreclosed under its note and deed of trust. Records show the note supersedes a $6 million loan from Shenandoah Federal Savings Bank and liens of $220,000 by Ingersoll Rand and $406,000 by Doppelmayr Ski Lift. The sale date is set.
MENTIONED IN THIS ARTICLE
Flat Top
Highland Ski Ltd
Bluefield
Jerry Cameron
First Community Bank
Raleigh County
Shenandoah Federal Savings Bank
Highlands
Ingersoll Rand Co. Air Compressor Group
Doppelmayr Ski Lift Company
WinterPlace promissory note leads to auction sale
WinterPlace Highland borrowed 800000 two year note from Princeton bank in August 1987. The note supersedes a six million loan from Shenandoah Federal Savings Bank and liens totaling 626,000 from Ingersoll Rand Air Compressor Group and Doppelmayr Ski Lift Company. Auction set for 10 a.m. June 29 on Raleigh County Courthouse steps. Bank may bid but officials unavailable for comment. Weather and snowfall declines blamed for resort foreclosure by trustee Cameron. Contingent remarks from bank CEO. A separate local item notes community beautification at Ceres School by Valley Women's Club and Mrs Lawson's class planting marigolds.
MENTIONED IN THIS ARTICLE
Shenandoah Federal Savings Bank
Highlands
Ingersoll Rand Co. Air Compressor Group
Doppelmayr Ski Lift Company
Raleigh County
Cameron
Bac
Robert W. Culler
First Community Bank
Warner Books drops Scarlett sequel to Gone With the Wind
Warner Books announced the long awaited Scarlett sequel will not be in its fall lineup. President Laurence Kirshbaum cited late author research and a later start to writing as reasons for delaying the project to May or possibly Christmas 1991.
MENTIONED IN THIS ARTICLE
New York
Jelel
Margaret Mitchell
Warner Books
Scarlett O'Hara
Laurence Kirshbaum
American Booksellers Association
Las Vegas
Partly cloudy with a 50 percent rain chance tonight
Partly cloudy conditions persist with a 30 percent daytime shower risk. Highs reach 80 to 85 degrees, while tonight sees rain chances rise to about 50 percent. Weather package notes indicate typical mid week patterns.
Virginia faces 100 million dollar tax shortfall
Virginia officials warn the state will collect about 100 million dollars less than expected for the fiscal year ending June 30, prompting planned two year spending cuts. Gov Wilder and Finance Secretary Timmreck discuss tax reform effects and options to revise 1990 92 budget forecasts.
MENTIONED IN THIS ARTICLE
Richmond
Virginia
L. Douglas Wilder
Wilder
Paul W. Timmreck
Timmreck
Perfect student keeps smiling through the school year
Athens Elementary sixth grader Sean Smith has missed only one day of school in seven years, earning seven perfect attendance awards. He plans to attend Princeton Junior High next year via the Challenge program, crediting good health from eating well and exercising.
MENTIONED IN THIS ARTICLE
Athens
Sean Smith
Smith
George
Kathy Smith
Mercer County
Dale Levern
Princeton
Flag amendment clears first hurdle in House
Reluctant Democrats pushed a constitutional amendment banning flag burning past a House subcommittee two days after the Supreme Court struck down the federal flag protection law. Rep. Robert W. Kastenmeier protested rushing to judgment while supporters urged protection of the symbol, critics warned of rights violations amid election-year politics.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Robert W. Kastenmeier
Wis
House Constitutional and Civil Rights Subcommittee
America
Bluefield Police Chief Affirms Officer Acted Properly
Bluefield police chief James Dent said eight to ten witnesses from a State Police investigation confirm Terry Wayne Poynter held or fired a gun during the April 15 shooting in the Hardee’s parking lot. Dent declined to discuss grand jury testimony heard Tuesday.
MENTIONED IN THIS ARTICLE
Bluefield
James Dent
Dent
Terry Wayne Poynter
Poynter
Bluefield Avenue Hardee
Tumbling coal economy hits McDowell County hard
West Virginia’s McDowell County suffers collapse of coal towns as mines shut in the 1980s. Unemployment soars past 17 percent in 1989, many leave, and social services fade. Mining jobs drop from 8290 to 1580. only 80 manufacturing jobs remain. Food, violence, and despair rise as residents face a stark future.
MENTIONED IN THIS ARTICLE
Welch
West Virginia
McDowell County
Nes
Also Mentioned on This Page
WinterPlace
Highland
Princeton Bank
Ceres
Green Valley
The
Valley Women's Club
Phil Farmer
Flower Power
Daily Record Eee
Peterstown
Wilder Said
General Assembly
Gerald L. Baliles
James Barbery
Daily Telegraph
Curt Barber
McDowell
By Frank Hutchins
Charleston
Raymond’s
Lion’s Club
Chester Matney
Rev
Joe Heliman
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