Bankrupt Developers Want Cut of Proposed Morgantown, WVU Deal - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

Bankrupt Developers Want Cut of Proposed Morgantown, WVU Deal

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Four bankrupt developers want a cut of the deal West Virginia University is working out with the city of Morgantown and First United Bank and Trust.

The deal calls for Morgantown to transfer ownership of the four acres of land formerly known as "The Square at Falling Run", or "the Loop", to the university. WVU also will acquire 21 acres along Falling Run Road, the rental properties on that land, three additional lots, and an unoccupied apartment building on Outlook Street, which runs parallel to Falling Run.

Kris, Ben, Monty and Mac Warner proposed but never built "The Square at Falling Run".

The Warners' counsel, Edward Kohout, sent a Freedom of Information Act request letter to Terence Moore, Morgantown City Manager, requesting any writing that discusses an offer from WVU to pay the city of Morgantown any money for real estate known as "The Square at Falling Run".

The Warners do not plan to dismiss their lawsuit against the city without an appropriate payment to them, according to the letter.

WVU's Board of Governors will vote on the proposed transaction at its September 28 meeting.