An article in the Charlottesville Daily Progress indicates that Halsey Minor, The CNet co-founder who purchased Carters Grove here in Williamsburg, VA is having financial issues on a Hotel Project in Charlottesville, VA
“The Project was to be his legacy in his hometown of Charlottesville, VA,” Minor wrote in a filing as part of his ongoing lawsuit against the hotel’s developer and bank. “In my opinion, if the property I purchased for the Project is foreclosed on, the hotel will never be built.”
The filing, which asks a judge to block the bank from taking the hotel, goes on to say that foreclosure would wipe out the entirety of Minor’s $6.8 million investment. His company, Minor Family Hotels, would lose “invaluable investment time, resources and talent” spent working on the hotel over the past two years.
You can read the full article here
Filed under: Charlottesville Virginia, virginia real estate |
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