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Deal For Club Yet To Be Finalized

Church and firm were ‘very close’ to making a sale six months ago

September 9, 2013

WHEELING — More than six months after the architectural firm McKinley and Associates announced it was “very close” to acquiring the downtown Fort Henry Club building from St....

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(17)

atoddh

Sep-09-13 7:29 PM

whg: The future -if any- is in adaptive reuse. Demolition is not progress and growth. Not one new structure is planned for all the now- empty lots. The Rogers demolished , however, would create parking for the Fort Henry which should be saved. It has potential. It could be mothballed for a while.

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WhgsFuture

Sep-09-13 4:50 PM

That place will be costly to renovate. Ive been all through the building and it is in need of $$$$$$. It would be great to see it renovated, but realistically, it should probably be torn down. People cannot seem to handle the idea of getting rid of Wheeling's past glory to make way for a new and better, modern Wheeling.

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dyingov

Sep-09-13 3:43 PM

atoddh, My point is that most of this "grant" grabbing is only as good as getting the next grant! The intent is not to live on grants, but to do something with the boost (grant) that is a ROI in the end. Not happening in 98% of the cases I have followed.....

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Hefner

Sep-09-13 2:35 PM

Aren"t I the controversial figure! Just for the heck of it and because I am so cynical, I wonder do the county records show that the church paid the taxes, or that the taxes were paid? I don't know that the records show who the payee was. Now for Herc007, it's obvious to me that the people that run Wheeling don't have a clue what they are doing and only run the town further in the ground. I hate to see the club go, but really, who do you think is going to sink a million + into that building, and come out on top?

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HercX007

Sep-09-13 2:18 PM

nice rhetoric coming from someone who just couldn't take the corruption of the city government and moved far away from Wheeling. I see he is still bitter enough to keep "reading" the newspaper and making disparaging comments about a city he gave up and moved away from. Par for the course since most of the responders on here still live here and do the same. People lament about buildings being torn down in Wheeling and now people are suggesting if be torn down? Where is the logic in that suggestion? This town is darned if you do and darned if you don't.

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Hefner

Sep-09-13 2:10 PM

@wheelingnite: You are quite right and I feel so humbled, and might I point out thankful, that you brought that to my attention. I did read the article bust as I slip into my twilight years I find details sometimes are like mist on the morning lily, they soon disappear. I have no life, I'm just a grumpy, cynical old man who post on this site, well, because of all of the above.

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caltransplant

Sep-09-13 2:00 PM

Wheelingite, Hefner doesn't believe in facts. He's just another grumpy, cynical old man who posts on this site because he has no life.

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atoddh

Sep-09-13 12:47 PM

Folks @ a modest 100/ft the Fort Henry(40,000 ft) will cost at least 4 million to rehab. With 25% down or around one million in cash or equity of some sort.

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Wheelingite

Sep-09-13 12:43 PM

Hefner: READ the story -- the church has paid the property taxes -- read the facts.

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atoddh

Sep-09-13 12:43 PM

dying: yes I agree. Mollohan on Appropriations was able the get the money. McKinley will not. Vandalia has to survive now mostly on rents and selling assets to do new projects.

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dyingov

Sep-09-13 12:33 PM

atoddh, Vandalia only worked when they were using tax payer money for funding! We likely have millions of similar groups in the US! 500 billion dollars per year is spent on "grants" going mostly to non-profits.....

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atoddh

Sep-09-13 12:27 PM

hef. A substantial anchor tenant could make it work; along with some other creative uses. It is very hard to do this in a failing-negative growth- City. But not impossible. McKinley did work wonders with the old YMCA which was viewed as a "goner."

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atoddh

Sep-09-13 12:21 PM

dying: I had heard there was some sort of arrangement with Vandalia to fund the rehab with a Federal grant and make it yet another non profit. Vandalia is/was a Mollohan project. Vandalia is now failing. They were not able to sell their Wheeling projects Which may have been necessary to fund the Fort Henry.

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Hefner

Sep-09-13 8:56 AM

This building is of an era gone by and has no future in Wheeling. It should be demolished and any architectural artifacts preserved for the musings of future generations. The tax dodge of transferring the building to St. Matthews was an insult to the people of Wheeling and just more evidence that churches, like lawyers, are a blight on our society.

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dyingov

Sep-09-13 4:05 AM

Atoddh, I'm sure McKinley has a "Vandalia" group by now! You are probably correct with your estimated costs.

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atoddh

Sep-09-13 2:28 AM

The Rev. may mean it would take 900,000 in equity(cash @ 20%) to rehab the building with the rest being debt: if the income would support the debt. This would be a "heavy lift" given the state of Downtown Wheeling these days.

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atoddh

Sep-09-13 12:33 AM

The renovation costs are more in the 4-5,000,000 range as the building is 40,000 sq feet. Attempts to attract government grants - via Vandalia - may not have worked out. McKinley apparently had/has an option of some sort. There may be an attractive solution for the property.

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