Jim Wood sat on Virginia Beach City Council for 19 years. His mother, Dot Wood, chaired the Virginia Beach Development Authority (VBDA). On February 1, 2017, the family signed a $5.6 million credit line with TowneBank, the Cavalier Hotel’s lender. Five weeks later, Jim Wood cast the deciding vote to give the Cavalier $6.5 million more in gap financing.

The loan: $5.6 million from TowneBank
- February 1, 2017: Wood Family Partnership, L.P. signs a credit line deed of trust for up to $5,600,000. The noteholder is TowneBank, 2101 Parks Avenue, Virginia Beach. First page of the deed
- Who signed: Dorothy L. Wood and James A. Wood as trustees of two family trusts, and James L. (Jim) Wood and Dorothy L. Wood as managers of 37 family LLCs. The LLCs are named for their rental addresses, such as 119 A & B S. Thalia Road, L.L.C. and 1106 Snow Bird, L.L.C.
- February 2, 2017: The deed is recorded with the Circuit Court Clerk as instrument 201700009727, pledging 42 parcels across the city. TowneBank’s trustee, TBVAT, LLC, holds the deed.
- February 13, 2017: Two more TowneBank deeds of trust, $182,217 each, are recorded on the Woods’ property at 130 Thalia Road (instruments 201700012269 and 201700012272).
- Same bank, same project: TowneBank also financed the Cavalier. Cavalier Associates’ TowneBank credit line, recorded February 23, 2016, is for up to $77,094,836. Deed
The vote: $6.5 million more for the Cavalier
- February 21, 2017: The Cavalier goes to the VBDA, chaired by Dot Wood, for an open session briefing and decision. The same day, council gets its briefing. Council minutes
- March 7, 2017: Council takes up an ordinance raising the Cavalier’s gap financing by $6.5 million, to $24.5 million in total, for an Embassy Suites at the site. Ordinance
- Jim Wood seconds the motion. He then votes against a motion to defer it, which fails 3-5. Minutes
- The ordinance passes 5-3, with Wood voting yes. Without his vote it would have tied 4-4 and failed. Mayor Sessoms, who had retired from TowneBank, and John Uhrin abstained. Rosemary Wilson filed a disclosure. The minutes record no disclosure from Wood. Minutes
The VBDA: Chairman Dot Wood
- Before the VBDA: Dot Wood chaired the Virginia Beach Planning Commission and founded a commercial construction company in 1978. Obituary
- 2016 to 2018: Dorothy L. Wood is VBDA chairman. The VBDA is a city authority whose board is appointed by council. WYDaily
- February 21, 2017 abstentions: VBDA members Bryan Cuffee (a TowneBank director) and Michael Levinson abstained on the Cavalier. Dot Wood is not named among them. Kerry Dougherty
- July 18, 2017: Council, including Jim Wood, votes 11-0 to appoint Lisa M. Murphy to the VBDA. Murphy is a Willcox & Savage partner and zoning attorney for developers, and later VBDA chairman. Dot Wood’s obituary names Murphy as her friend. Council minutes, Virginian-Pilot
- Willcox & Savage: Dot Wood’s obituary lists a grandson, Jimmy. James B. “Jimmy” Wood, a Virginia Beach native, is a member of Willcox & Savage, Murphy’s firm, and a past chairman of the city’s Citizens Committee on Boards and Commissions. Obituary, Willcox & Savage
- October 20, 2020: Dot Wood, still a VBDA commissioner, votes with the board 7-0 for a round of EDIP Part E grants. Six of the grantees, getting $43,811.38 in all, list McLeskey & Associates as their landlord. Her son Chris Wood is McLeskey’s vice president of real estate development and property management at the time. The minutes record no abstention or disclosure from her. She also seconds the motion for CARES Act awards to 116 businesses. (VBDA minutes, October 20, 2020, with Exhibit A)
The appointments: Jim votes for his mother
- December 9, 2003: Council reappoints Dorothy L. Wood to the Planning Commission for 2004 to 2007, 10-0. Jim Wood votes yes. Minutes
- December 11, 2007 to November 15, 2016: Council appoints her to the Hampton Roads Economic Development Alliance and keeps reappointing her. Jim Wood votes yes on each of nine votes. 2007, 2010, 2016
- September 23, 2008: Council appoints her to the Chesapeake Bay Preservation Area Board, 10-0. Jim Wood votes yes. Minutes
- August 9, 2011: Council appoints her to the VBDA, 10-0. Jim Wood votes yes. Minutes
- June 17, 2014: Council reappoints her to the VBDA through August 31, 2018, 11-0. Jim Wood votes yes. Minutes
- August 21, 2018: Rosemary Wilson nominates her for another VBDA term, through August 31, 2022. A speaker opposes it. It passes 7-2, with Jessica Abbott and John Moss voting no. Vice Mayor Jim Wood votes yes. Minutes
The minutes record no abstention or disclosure from Jim Wood on any of these votes.
The theater: His mother’s projects
- October 12, 2004: Dot Wood, chairman of the Performing Arts Theatre Advisory Committee, speaks for the Town Center theater parcel resolutions. Jim Wood makes the motion. They pass 9-2. The VBDA pays the developer $165,625 to release its option, and the city spends $1,190,673 from the theater project. Minutes
- July 1, 2008: Dot Wood, vice president of the Sandler Center for the Performing Arts Foundation, presents the Foundation’s first payment of $2,785,501. Council approves an agreement to fund the Foundation’s endowment each year. Jim Wood votes yes, 10-0. Minutes, Vote
The money: Cavalier team gives to Wood
- R. J. Nutter (Cavalier Associates’ attorney, who spoke for the project on March 7, 2017): $1,000 on April 12, 2014 and $1,000 on May 21, 2018
- The Lawson Company (John Lawson, a Cavalier Associates partner): $500 on June 14, 2018
- D. Frye, Frye Properties (Frye Properties’ Bart Frye is a Cavalier Associates partner): $1,000 on July 8, 2018
- Bruce Thompson (Cavalier Associates CEO): $5,000 on August 14, 2018
All from the Jim Wood for City Council reports filed with the state. Virginia Department of Elections
The brothers: McLeskey and a new company
- September 2017: Six months after the Cavalier vote, Jim’s brother Chris Wood becomes vice president of real estate development and property management at McLeskey & Associates. He stays until June 2024. LinkedIn
- August 22, 2018: Cheryl McLeskey, the firm’s CEO, gives $500 to Jim Wood’s campaign. Virginia Department of Elections
- September 18, 2018: 27 days after her donation, Vice Mayor Wood nominates Cheryl McLeskey to the Community Organization Grant (COG) and Allocation Review Committee. Council approves her 10-0, with Wood voting yes. Council minutes, Item 68518
- March 2, 2026: Wood Economic Development Group, LLC is formed. Chris Wood lists himself as founder, offering site selection, public-private partnerships and infrastructure advice. LinkedIn
- Jim Wood is its registered agent. He qualifies as general partner of a partnership that is a member or manager of the company. Its office is 208 Ash Avenue, Suite 101, the same address as the Wood Family Partnership on the TowneBank loan. State Corporation Commission, entity 11978231
More TowneBank loans: While he sat on council
- October 19, 2018: $340,000 TowneBank refinance on James L. Wood’s Kings Grant property (instrument 201800086222)
- February 22, 2021: $60,000 TowneBank deed of trust on the same property (instrument 202100015208)
Have records or evidence about this? Email keepvbabovewater@gmail.com.


