In Landmark Deal, Charlottesville Finally gets Their Payday
The new owner of Charlottesville's infamous half-built Landmark Hotel has now paid off more than $150,000 in back taxes owed to the city.
Atlanta-based developer John Dewberry won the hotel at a bankruptcy auction back in June and closed on the property earlier this week. Dewberry paid just over $6 million for the property and the city of Charlottesville was first in line to get paid.
The former owner, Halsey Minor, owed three years in back taxes totaling $157,000. The city's treasurers office says the payment made this week could be one of the largest they've ever received.
"We were working on it for a while and then once they went into bankruptcy, we kind of had to stop working on it. But the city attorney's office and our office continued to work with them to figure out how we were going to get paid," Charlottesville Chief Deputy Treasurer Jason Vandever said.
Dewberry says he anticipates starting construction once again in the next year.
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Derick Waller joined the NBC 29 news team in August, 2010. Prior to this, Derick graduated with degrees in both broadcast journalism and political science from Virginia Commonwealth University in Richmond. Email/Follow on Twitter/ Full Story