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December 27, 2018

Throwback Thursday: “Big” start for Jacoby dealership

1993: General Manager John Kuvakas and Joe Jacoby in the showroom of his new Jeep dealership.
25 Years Ago
From The Fauquier Citizen edition of December 31, 1993

Jacoby dealership enjoys “big” start

Professional athletes often put their names on businesses, hire people to manage them and play lots of golf.

National Football League veteran Joe Jacoby has an entirely different plan for his new vehicle dealership in Warrenton.

“I’m gonna be down here 10, 12, 14 hours a day,” said the 34-year-old Washington Redskins offensive lineman, who will retire from the game soon. “I won’t just have my name on it. This is what I plan to do with my life.”

Last year, he and local Ford dealer Rick Hunt formed a partnership to buy the old dealership at Routes 211 and 29. They have invested $2 million in the property, improvements, equipment, inventory and 13 employees at Joe Jacoby Jeep-Eagle-Chrysler-Plymouth.

Jacoby has sold 48 new vehicles in the first month — twice the expected number, according to General Manager John Kuvakas, an 11-year veteran of the car business who has worked with Hunt since 1987.

RTC to sell Liberty Savings Bank

The boom-and-bust saga of Liberty Federal Savings Bank in Warrenton finally will end next year — probably in September.

The Resolution Trust Corp. last week announced it will auction what remains of Liberty and 60 other thrifts nationwide in the final phase of the savings-and-loan cleanup.

In the case of Liberty, the successful bidder — probably a financial institution — will get the offices and two acres fronting Broadview Avenue, valued at $1.7 million for county real estate taxes, and a customer base representing $28.5 million in deposits.

Liberty had $94 million in total assets when federal regulators deemed it insolvent and seized the institution in July 1992. Since then, the RTC has continued operating Liberty and has sold some of its assets — generally repossessed real estate and nonperforming loans.

At its peak, the thrift has $121.8 million in total assets. It recorded a record $797,394 profit in 1987.

Potter to head Federal Election Commission

Marshall resident Trevor Potter earlier this month was elected chairman of the Federal Election Commission.

Potter, 38, will serve a one-year term as chairman. FEC members may serve as chairman only once during a six-year term.

A Republican, Potter was appointed to the six-member panel by President Bush in 1991. His term will expire in 1997.

Potter said 1994 “will be a difficult and important year for the commission. Americans remain intensely concerned about the fairness of the federal political process.”

He said campaign finance legislation before Congress “could significantly increase the complexity and the size of the commission’s workload.”

Five Who Made a Difference in 1993

The Fauquier Citizen has honored five citizens for community service this year:

• Janice Adams of Warrenton, who works as the emergency home repair coordinator for the Fauquier Housing Corp.

• Carl Bailey of Midland, a building company president who leads youth baseball programs and serves on the county parks and recreation board.

• Davis Chung of Warrenton, a Warrenton Junior High School history teacher who helps coach cheerleading at Fauquier High.

• Ava Paden of Auburn who helps other survivors as co-president of the Fauquier Unit of the American Cancer Society.

• Lawrie Parker of Sumerduck, who works as director of the Piedmont Dispute Resolution Center.

Warrenton to host First Night

Old Town Warrenton will host its inaugural community New Year’s Eve celebration from 7 p.m. to midnight Friday.

First Night Warrenton will feature 45 performances at 10 locations downtown.

Organized by the Bluemont Concert Series, it will be the smallest of 85 First Night events around the country.

Fauquier County and the Town of Warrenton have appropriated $2,000 apiece to help fund the family-friendly celebration. Businesses, organizations and individuals also have contributed funds.

Admission will cost $5 per person and $1 for children younger than 12.

Home schooling grows much more popular

With more parents questioning issues such as prayer and sex education in public schools, the number of students taught at home has risen dramatically.

In the 10 years Virginians have been permitted to educate at home, the umber has skyrocketed from 503 in 1984 to more than 7,000 in 1993, according to a report issued by the Virginia Department of Education.

In Fauquier this year, 110 of 8,356 school-aged children — or 1.31 percent — are taught at home.
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J.R. Jeffrey · December 28, 2018 at 3:31 pm
Joe Jacoby was a great football player, but by the early 2000s that dealership was a complete joke. The staff was seemed like they hated their jobs and were always rude to me when I had to go there to make deliveries. I was glad to see it close and happy to see WAWA take its spot.
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