Quantcast

Mystery Investor Buys Family-Owned Land in Heart of Crozet - NBC29 WVIR Charlottesville, VA News, Sports and Weather

Mystery Investor Buys Family-Owned Land in Heart of Crozet

Posted: Updated:

The Conley family in Crozet was forced to say goodbye to their business Wednesday. Bruce Barnes Lumberyard has rested on 19 acres of land in the heart of Crozet since 1985.

At an auction Wednesday morning, a mystery investor purchased the land for $1.9 million.  In up to 30 days, the deed will close on Bruce Barnes Lumberyard and the investor's name will then be on public record.

"This land and this business is part of me," Caroll Conley said.

After the foreclosure of his family business, Conley could only look on and watch as every last piece of his lumber company was auctioned off to satisfy a loan with Union First Market Bank in Charlottesville.

People from all over the East Coast came to support his family by bidding.  Randy Stover with Mill Cabinet Shop in the Shenandoah Valley said, "I've known Caroll for 40 years, so I'm doing this to help out Caroll."

Conley's family hopes the mystery investor considers developing downtown Crozet by creating a "walking mall" that was endorsed by the Crozet Community Advisory Council.

Conley said, "I think it's a great opportunity for Crozet."

All the nameless investor said was that he couldn't tell us anything.  There is also a chance the man at the auction could just be a bidder, so he may not be the property's actual buyer.

Powered by WorldNow
All content © Copyright 2000 - 2013 WorldNow and WVIR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.