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Fort Henry Club Sale Is Finalized

Deal Said To Be In Excess of $70K

September 20, 2013

WHEELING — The sale of downtown Wheeling’s historic Fort Henry Club to McKinley and Associates is final, according to St. Matthew’s Episcopal Church officials. The Rev....

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(10)

dyingov

Sep-21-13 7:02 PM

triton, Look at the WV secretary of state web site and you will see all the business changes for McKinley and Associates. The last entry is in March, 2011 and David B. McKinley is the owner. They did make 200,000 shares available for sale at 1 (one) cent a few years ago. I'm sure his wife is the majority share holder. Legal in the eyes of the laws that congress makes! How is that any different than him owning it?

Congress makes the rules and laws that describe what is legal or not, fox guarding the hen house!

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Triton

Sep-21-13 1:00 PM

I doubt that Congressmen McKinly had anything to do with it, its the company that he owned. Remember when Mollohan was getting grants for his apartment complexes in D.C. the party magpies told us that his assets were in a blind trust. If that was true then it must be true again, as it is a law. Rockefeller's blind trust earned him $1700.00 a minute, 24/7 and his money was in oil. Yet he voted on oil bills. We never heard much about Rocky's billions. Someone saved a local landmark in Wheeling, some of our history and so far it has not cost the taxpayer anything. Because the company still bears his name does not mean that he runs it, is not allowed under Fed law and since he opposes Obama in our name I am sure if he was violating any laws he would be under fire immediately. He was opposing Obama's new regs on coal just this week, MoJo? He was not sure yet, he was waiting to see, he was undecided on that. No, if McKinley was violating any laws he would be in trouble asap.

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dyingov

Sep-21-13 8:44 AM

CT/Atoddh, So you advocate that the "job" of our representatives is to have an open check-book on the tax payers account? I advocate that NO politician should be involved in any business transaction while "representing" the people.

They receive $175,000 in salary and perks that tax payers could only wish for! Also note that "campaign" financing can be used for more things than buying political signs. The politicians make the rules on campaign spending. Millions of dollars that are used in ways that should never be allowed....

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CTMountaineer

Sep-21-13 12:06 AM

McKinley is perhaps our very best local politico. He is savy, and he cares about Wheeling. Hats off to him for stepping in and stopping another historic building from being demolished for another unnecessary parking lot.

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atoddh

Sep-20-13 4:55 PM

dying: That was in the works with Vandalia. But without Mollohan(Appropriations) there is little hope now. Vandalia was unable to sell their Wheeling holdings to fund the Fort Henry. Even a non profit would have to develop an income stream of some sort.

Parking is an issue.

I think the Church forced McKinley to move vs demolition(by the Church) before any reuse plan was in place.

There is a possible solution that would open the door to low interest Federal financing. Said is not available for rental("passive") property development as suggested.

I give McKinley credit for stepping up to save the place. I remember sharing many good times at the Club with him and his first wife - at social events - growing up in Wheeling. It was a grand old place in the 50's and 60's.(and prior)

I understand McKinley's deep desire to preserve the building and his native City. He may have an opportunity to do some projects for the betterment of Wheeling. Coal and steel will not be the futu

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VincentVega

Sep-20-13 4:21 PM

Looks perfect for a million dollar "Historic Restoration" grab.

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dyingov

Sep-20-13 3:56 PM

I smell a tax payer funded grant!

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atoddh

Sep-20-13 3:03 PM

Whoever has it is looking at a 4/5,000,000 price tag for renovation with perhaps 1 million down payment(25%). The issue is: how to create an income stream(rental) adequate to support the debt. McKinley could flip the building if he is unable to attract tenants.

He did at least save it from demolition. He cares about the City.

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thetruthforonce

Sep-20-13 12:47 PM

What a guy Mckinley is. Puts his millions into a project that competes with his real estate partners on Main Street and even his own son! Great guy this frontrunning teabagger we made our congressman.

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Hefner

Sep-20-13 12:21 PM

I hope something good comes of this. It will be interesting to follow.

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