MARTINSBURG (AP) — The Berkeley County Roundhouse Authority is moving to settle old debts after securing a commercial lease agreement with the West Virginia National Guard.
Authority board chairman Clarence Martin III says a recent $150,000 settlement with B&BT Bank will effectively cut that debt in half.
Martin tells The Herald-Mail of Hagerstown, Md., that the authority now will work on an agreement to repay about $100,000 owed to a contractor.
The National Guard is leasing a building at the former Baltimore & Ohio roundhouse complex for storage. The lease is expected to be worth more than $500,000 over five years.
The authority is charged with restoring and redeveloping the historic property. The roundhouse and red-brick shop buildings were the site of the nation’s first railroad strike in 1877.