New Entity May Be Created to Own Stonewall , N Effort an Attempt to Make Resort's Public-Private: ; Arrangement Less Complex

Summary


The West Virginia Economic Development Authority was scheduled to meet today to consider creating a special legal entity to own the Stonewall Resort.

The $64.7 million resort off the Roanoke exit of Interstate 79 opened in late 2002. It was built under a unique public-private partnership that involves the U.S. Army Corps of Engineers, the state Division of Natural Resources, the Charleston real estate development company McCabe Henley Properties, and others.

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New Entity May Be Created to Own Stonewall , N Effort an Attempt to Make Resort's Public-Private: ; Arrangement Less Complex

McCabe Henley Properties developed the resort and has a 15-year contract with the state to manage it.

Rudy Henley of McCabe Henley Properti...

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