Charlottesville Breaking News
A pile of debt, another warm winter, and the state's unwillingness to accept a dead appraiser's valuation for millions in already-spent conservation tax credits have pushed the company running Wintergreen Resort to the brink of insolvency, as reported Monday morning in the Nelson County Times.
Despite– in a deal reminiscent of Biscuit Run– scooping up $4.6 million from taxpayers four years ago, Wintergreen Partners Inc. has reportedly defaulted on its loan from Bank of America and now implores members to voluntarily lend it $6 million to save the company from bankruptcy.
Another shocker is that Wintergreen joins a host of Virginians in parlaying empty land into cash, part of Virginia's generous conservation tax credit scheme that transfers over $100 million a year from taxpayers to owners of large tracts. The scheme is the centerpiece of ongoing litigation between the state and a team of land speculators who failed to convert an Albemarle tract called Biscuit Run into a housing development.
At Wintergreen, a company subsidiary found an appraiser willing to claim in 2008 that the 1,422-acre peak called Crawford's Knob was worth $11.5 million. Like the owners of Biscuit Run, Wintergreen turned that valuation into s...
Bob Marley tribute, mon
This is a twofer– a reggae dance party and a chance to check out the barely opened Black Market Moto Saloon at the corner of Meade Avenue and East Market Street, where we've spotted Tea Bazaar creator Matteus Frankovich jack-hammering away in front of his latest establishment. Dinner is served starting at 5pm– West Indian food to whet the appetite for Marley. The tribute is hosted by Scottie B., a.k.a. Mountainrasta, with WTJU's DJ Rizla, DJ 3rd Degree doing a dub session, and a special performance by Darrell Rose, Scottie B., and William Whitten's Afrikan Drum Fest & Dancers.
February 9, Black Market Moto Saloon, 9pm, $5