Bunker Economics at the Greenbrier

More details today out of West Virginia, where the fabled Greenbrier Resort filed for bankruptcy protection last month. The 230-year-old resort, now owned by CSX Corp. but in the process of being bought by Marriott, filed financial statements today outlining its assets and debts.

As of March 19, the day of the bankruptcy filing, the resort had $141.7 million in assets and $107.4 million in liabilities, including nearly $700,000 in employee wages and another $134,022 in employee hourly bonuses. Other details from today's filing, according to the Charleston Daily Mail:

The Greenbrier's personal property includes: $3.9 million in books, pictures, antiques and art objects; $21.4 million in machinery and fixtures, including a bowling alley and $252,514 worth of golf carts; $16,191 in firearms, including Beretta white onyx shotguns valued at $6,666; $287,181 worth of vehicles including a 1954 Oren Special fire truck; $648,508 worth of linens and $490,649 worth of uniforms; and 22 horses.

As for the bunker that was built on the Greenbrier grounds and designed as the meeting place for Congress in the event of nuclear war, well, it's just hard to put a price on that kind of taxpayer-funded security.

by J. Jennings Moss