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Bank sues Berkeley County Roundhouse Authority

April 8, 2014
Associated Press

MARTINSBURG, W.Va. (AP) — The Berkeley County Roundhouse Authority is being sued by a bank over an old debt.

The lawsuit filed by BB&T seeks a $347,675 judgment against the authority.

The authority is charged with restoring and redeveloping the historic Baltimore & Ohio Railroad roundhouse complex in Martinsburg. Its debt to the bank dates back more than 10 years.

Under a 2012 settlement, the authority was to make three annual $50,000 payments to resolve the debt.

The authority made the first payment in January 2013. It then lost a lease with the West Virginia National Guard due to federal budget cuts and didn't make this year's payment.

Authority chairwoman Laura Gassler declined comment to The Herald-Mail (http://bit.ly/1g1bfRE ) of Hagerstown, Md., saying she hadn't seen the lawsuit.

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Information from: The Herald-Mail of Hagerstown, Md., http://www.herald-mail.com

 
 

 

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