|
Posted: 9:52 AM Jan 3, 2009
Greenbrier Hopes to Revive Business
CSX says The Greenbrier lost $35 million in 2008 and faces more
trouble this year because market for luxury accommodations is
shrinking with the slowing economy.
Reporter: The Associated Press Email Address: news@wsaz.com |
|
8 Comments
Font Size:
CHARLESTON, W.Va. (AP) - The Greenbrier's owner has hired New
York investment banking giant Goldman, Sachs & Co. to help
determine what to do with the money-losing luxury resort.
Jacksonville, Fla.-based CSX Corp. says Goldman will consider
options for making The Greenbrier a viable business entity in a
statement released Friday.
Typically, hiring an investment banking firm signals a potential
sale, but CSX spokesman Gary Sease would say only that the railroad
operator is considering all options for the resort.
CSX says The Greenbrier lost $35 million in 2008 and faces more
trouble this year because market for luxury accommodations is
shrinking with the slowing economy.
Separately, CSX says it's promoted general manager Michael
Gordon to president and managing director of The Greenbrier.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Latest Comments
Posted by: gvn
on Jan 4, 2009 at 03:41 PM
If I remember correctly wasn't it Goldman, Sachs & co. that A. James Manchin (state treasurer)put in charge of the State's investment fund and they churned away a hundred million in losses and brokerage fees. The State had to take them to federal court to recover that money. I would't tust them to tell me the time of day. They (CSX) could bring in gambling and prostitution, then rename it "The Last Resort."
Posted by: rolyan
on Jan 4, 2009 at 10:00 AM
I agree with CLS, Oh boo hoo. Make it where working people can afford to come there or close it down.
Posted by: Tom
on Jan 4, 2009 at 09:22 AM
AWWWWWWWW,Those poor rich guys-Maybe the gov.can bail out the Greenbrier too.
More Stories
$310,000,000
Live Feed Now on the Always On Channel
|
|
|
Popular Searches Powered by Local.com |
WSAZ.com Most Popular / Most Comments
- UPDATE: Two More Arrests in Parking Lot Armed Robbery
- Three Aging W.Va. Power Plants Closing
- IRS Warns to Expect Some Refund Delays
- NASCAR Racer Visits Charleston
- Business Destroyed by Fire in Logan County
- UPDATE: Man Charged in Violent Armed Robbery at Huntington Bar
- St. Albans Man Arrested in Large Drug Bust
- Convicted Sex Offender Wanted
- Metheny Still Missing
- Residents Hopeful Dunbar Police Will Move to New Neighborhood
- UPDATE: Vigil for Missing 3-Year-Old Girl
430 Comments - UPDATE: New Chief Deputy in Mason County Releases Department Mission Statement
148 Comments - UPDATE: Mother Awaiting Sentence Faces More Trouble
61 Comments - UPDATE: Some Questions Remain Unanswered in Deadly CO Leak
48 Comments - UPDATE: Man Accused of Victimizing Elderly Found Guilty of Kidnapping; Victim Dies
40 Comments - UPDATE: Two More Arrests in Parking Lot Armed Robbery
24 Comments
CNN.com News Headlines
- Same-sex marriage OK'd in Washington
- 10 states freed from 'No Child Left Behind'
- Embattled LA school reopens
- Mississippi pardons to be challenged at court hearing
- Authorites probe 911 response to Josh Powell's home
- Hotel workers in New York to get panic button
- Resolution to N. Dakota school nickname dispute still seems far off
- The deadly path to legal status
- Birth control by vending machine
- Sound recordings amend history
- Video of Chinese toddler sobbing in snow sparks outrage
- Challenger to Chavez showing strength in Venezuela
- Spy agency called before Pakistani high court
- Court suspends Spain's most famous judge
- Deposed president faces arrest in the Maldives
- Greek leaders ready to back austerity deal
- More than 700 suffer food poisoning after Mexico rally
- Asylum or 'medical leave' for Chinese crime buster?
- UK: 'No negotiations' on Falklands
- Freeze strains Ukrainian EMS
- Band camp, other clubs suspended
- Champion remembered at event
- More members accused of hazing
- Sandusky urged to stay inside
- Words matter in Penn State case
- Out-of-county jury for Sandusky?
- 4th accuser drops abuse allegations
- Accuser pleads guilty to child sex
- Attorney: Victims to sue university
- Miss. high court considers pardons
- Don Banks: Biggest offseason questions in the NFL
- Offseason road map for all 32 NFL teams
- Live Blog: Tiger Woods at Pebble Beach Pro-AM
- Seth Davis: Eustachy's second chance could lead Southern Miss to NCAAs
- PGA Tour: Pebble Beach Pro-Am
- Rangers, Cruz agree to two-year, $16M contract
- Report: Lakers plan to retire Shaq's next season
- With Lin emerging, Knicks games added in Asia
- SB Nation: Explaining Lin's surprise early success
- 'Oil Can' Boyd admits pitching while high on coke
WSAZ.com Sponsor Sections & Links
 |
SOMC
Very good things are happening here. Click here to learn more |
 |
Click here for school closings and delays |
 |
Watch the Lottery Live Monday - Saturday @ 6:59pm on WSAZ NewsChannel 3. Need to check your numbers? Click here. |
 |
Watch the Ohio Lottery Drawings weeknights @ 7:29pm and Cash Explosion Saturday @ 7:30pm on WSAZ NewsChannel 3. |
 |
Click here to donate and help WSAZ help children at risk in our region. Thank you. |
 |
Click here to see how our partners are making Moms and women's lives easier. |
First Warning Hour-By-Hour Forecasts
