FRONT ROYAL – Among the discussions at the Front Royal-Warren County Economic Development Authority’s Finance Committee meeting Friday were some of the EDA’s troubled properties.
The committee – one of the several committees formed as the EDA attempts to rebound from the alleged embezzlement scheme that has unfolded within the authority – is composed of board members Tom Patteson, Greg Harold and Marjorie Martin.
Regarding the Afton Inn - on which a renovation project stalled as results of the alleged embezzlement - Harold said the EDA is working on an agreement with the project’s developers so that work can continue.
Harold said he cannot get into the weeds of that contract and the matter should be discussed by the authority during an upcoming closed session.
Regarding the EDA’s rental property at 514 E. Main St. - which was declared unlivable after a car crashed into it in June - Parsons said the authority has received two bids for repairs and is hoping to receive two more.
The residents of that apartment building have been living at a hotel since the incident, which is being insured by the EDA’s insurance through the end of the month.
Parsons added that there is an interested buyer for a building near the apartments at 506 E. Main St, which formerly housed the Stokes Mart and the B&G Goods store.
Parsons has previously explained that he does not think the EDA should own either one of those Main Street properties and he would like to get them off the books as soon as possible.