Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, February 15, 1992 TAG: 9202170194
SECTION: BUSINESS PAGE: A-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
IN BUSINESS
Uh-oh! Does anyone recall phoning Chip?A bill that would help Roanoke and Virginia Tech resurrect Hotel Roanoke with state sales tax receipts made its way through the House of Delegates Friday, despite news the project's devel- Woodrum oper had been sent packing.
But it encountered a little trouble - with Tech, the hotel's owner.
Seems university officials never told the bill's sponsor, Del. Clifton "Chip" Woodrum, D-Roanoke, that Classic Properties of New Orleans had been dumped as the project's developer some two weeks ago. Nor did they tell him the newspaper was likely to break the story Thursday - the same day Woodrum lobbied for the bill on the floor of the House.
"It's not nice to surprise your friend, ally and bill sponsor - not nice at all," Woodrum said Friday, after the House passed the measure 91-0. "It wasn't like [Tech Vice President] Ray Smoot or [Executive Vice President] Minnis Ridenour couldn't pick up the phone and call me."
Woodrum, as the phrase goes, was not pleased. He suggested the trio should have a meeting soon. The bill still must make its way through the Senate before it can reach the governor's desk. - Staff report
2 businesses seek haven from creditors
Two area businesses this week filed for protection from creditors in U.S. Bankruptcy Court in Roanoke:
Advantage Advertising Marketing & Design Inc. of Blacksburg, headed by M. Joseph Sirgy, asked for liquidation, reporting debt of $91,026 and assets of $18,863.
Self Serv Food Market Inc. of Castlewood, a Russell County convenience store, filed for reorganization, listing debt of $593,432 and assets of $500,562. - Staff report
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