Real Estate News
--> West Virginia News
Decades-old fund freed up for West Virginia flood recovery
(AP) --Nearly two years after floods in West Virginia killed around two dozen people ... to spend both the $1 million principal and interest from a fund created during a real estate trade with CSX Corp., the former owner of the Greenbrier resort.
WHITE SULPHUR SPRINGS, W.Va(AP) -- Nearly two years after floods in West Virginia killed around two dozen people, a new state law will free $1 million from a fund created in the 1980s to assist with flood recovery.
The Charleston Gazette-Mail reports the new law allows the city of White Sulphur Springs to spend both the $1 million principal and interest from a fund created during a real estate trade with CSX Corp., the former owner of the Greenbrier resort.
Mayor Bruce Bowling says state code only allowed the city to use interest from the account and not the principal.
SenStephen Baldwin says the city has had trouble receiving Federal Emergency Management Agency reimbursementsThe funds will be used to repair roads, bridges, sewers and other projects.
Information from: The Charleston Gazette-Mail, http://wvgazettemail.com.(
Trending West Virginia News:
For the Record - August 2017
Deer Valley Resort to be acquired by new joint venture led by KSL Capital
CNL Lifestyle Properties Sells Resort Retail Portfolio in U.S., Canada for $103M
Former Charlotte mayor to be released from Morgantown prison next week
Failed Allcare dental chain lists no assets, $3.6M debt
Test your Trump IQ
Brexit seen hurting UK property market London the most
Meet Bill Bayless, CEO, American Campus Communities
Preparing trees to go from green pastures to the concrete jungle
What’s Next for President Elect Donald Trump?
Trump presidency a 'disaster for the planet'
Trial delayed for man charged in killing of coal executive
Jefferson County Deed Transfers
Outgoing W.Va. House speaker says final session among best
Enlivant Ramps Up Senior Housing Portfolio with 48-Property Acquisition
Former 'Spy Town' Sugar Grove Station Up for Auction in West Virginia
Barboursville, WV Homes For Sale & Real Estate
WV Land Trust hosts tour of Camp Bartow
Is West Virginia’s Shawnee Lake Amusement Park Cursed?
Additional counties in West Virginia eligible for SBA disaster assistance