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No Vandalia Properties Sell During Wheeling Auction

No bids as minimum asking prices for buildings were $60K-$175K

June 18, 2013

WHEELING — Although 753 Main St. houses the well-established Uncle Pete’s restaurant and some rented apartments, no one met the minimum $175,000 bid to buy the property during a Monday auction....

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(6)

dyingov

Jun-18-13 7:34 AM

I guess that is the difference between spending other peeps money and private investors!

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Triton

Jun-18-13 8:30 AM

Maybe a wake up call for those who live in that rarefied air of silly works. Of style and no substance. This was incredibly incompetent exercise in wasting other people's money that resulted in tons of public money being spent to create a project that was oh so much fun but produced nothing much. Restoring old properties is hard work and risky at best but if you have other people's money to spend you run no risk in playing that game. This was a huge exercise in roasting public funds over a money pit. Fun while it lasted. The properties are not worth the minimum bid. How about that?

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daWraith

Jun-18-13 1:26 PM

Nobody wants to put THEIR money where their mouth is in Death Valley?

Smart!

Take a cue, Government!

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dyingov

Jun-18-13 3:13 PM

753 main was purchased for $200,000 in 2002 with tax payer money.

807 main was purchased for $125,000 in 1993 with tax payer money.

813 main was purchased for $60,000 in 2004 with tax payer money.

How much tax payer money was used to renovate these properties?

The CBO (Congress Budget Office) even claims that 50+ percent of "pie-in-the-sky" spending is wasted with a Zero return on investment!

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dyingov

Jun-18-13 5:51 PM

According to who/whom?

"That is not unusual for commercial properties like these," Behm added, noting a private sale could now happen because no one made any bids at the auction.

Tax payers own the buildings.....

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atoddh

Jun-19-13 12:29 AM

folks:This is peanuts compared to the tens of millions WNHAC has squandered on non-projects Downtown. A fortune was spent chasing OUT the few remaining retailers that were Downtown. A revamped JUSA(for profit) was turned away at the Capitol. Downtown is DOA: 80-100$$ million later. Who is responsible?

Why would anyone buy Downtown- now- after what has been done(with the Byrd 100 million?)

Vandalia was a Mollohan Project. He is gone. So is the money with him.

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