Current:Home > MyWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -Core Financial Strategies
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-14 01:10:24
CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice, a Republican candidate for U.S. Senate, is in a fight to keep his iconic Greenbrier hotel.
A legal notice announcing a public auction for the luxury resort near White Sulphur Springs due to unpaid debts was publicized in the West Virginia Daily News Wednesday — only the latest development in the Justice family’s financial woes.
Justice, who owns dozens of companies and whose net worth was estimated by Forbes Magazine to be $513 million in 2021, has been accused in numerous court claims of being late in paying millions of dollars he owes in debts for family businesses and fines for unsafe working conditions at his coal mines.
Justice, who began serving the first of his two terms as governor in 2017, bought The Greenbrier, which has hosted U.S. presidents and royalty, out of bankruptcy in 2009. The PGA Tour held a tournament at the resort from 2010 until 2019.
His family also owns The Greenbrier Sporting Club, a private luxury community with a members-only “resort within a resort.” That property was scheduled to be auctioned off this year in an attempt by Carter Bank & Trust of Martinsville, Virginia, to recover more than $300 million in business loans defaulted by the governor’s family, but a court battle between the Justice family and the bank delayed that process.
Wednesday’s notice said the auction involves 60.5 acres — including the hotel itself and the adjacent parking lot — and is scheduled for August 27 at 2 p.m. at the Greenbrier County Courthouse in Lewisburg.
A spokesperson for Justice said the impending auction is not a state government matter and the governor’s office wouldn’t comment. Campaign staff did not return an email from The Associated Press Thursday.
In a statement to West Virginia MetroNews, Justice attorney Bob Wolford accused lender JPMorgan Chase Bank of aligning with the Democrats “to undermine the next Republican Senator from West Virginia.”
The statement said that the Justice family originally secured a $142 million loan in 2014 from JPMorgan Chase and that only $9.4 million in debt remains after payments made as recently as June of this year.
On July 1, the governor was notified by JPMorgan Chase that it had sold Justice’s loan to Beltway Capital, which declared it to be in default.
“Let me be clear that the Greenbrier will not be sold, and the Justice family will take all necessary action to ensure that there will not be any adverse impact on their ownership of the Greenbrier or the Greenbrier’s operations and the ability of the Greenbrier to continue to provide world class service for its guests will be uninterrupted,” Wolford told MetroNews.
veryGood! (34752)
Related
- What to watch: O Jolie night
- And Just Like That... Season 2 Has a Premiere Date
- The glam makeovers of Pakistan's tractors show how much farmers cherish them
- High-Stakes Wind Farm Drama in Minnesota Enters Final Act
- Sonya Massey's father decries possible release of former deputy charged with her death
- The Marburg outbreak in Equatorial Guinea is a concern — and a chance for progress
- Enbridge’s Kalamazoo River Oil Spill Settlement Greeted by a Flood of Criticism
- Frail people are left to die in prison as judges fail to act on a law to free them
- Meta donates $1 million to Trump’s inauguration fund
- San Diego, Calif’s No. 1 ‘Solar City,’ Pushes Into Wind Power
Ranking
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- One Direction's Liam Payne Shares He's More Than 100 Days Sober
- Fate of The Kardashians Revealed on Hulu Before Season 3 Premiere
- U.S. Marine arrested in firebombing of Planned Parenthood clinic in California
- All That You Wanted to Know About She’s All That
- Parents raise concerns as Florida bans gender-affirming care for trans kids
- Rise of Energy-Saving LEDs in Lighting Market Seen as Unstoppable
- Daniel Penny indicted by grand jury in chokehold death of Jordan Neely on NYC subway
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
Biden set his 'moonshot' on cancer. Meet the doctor trying to get us there
One of America’s 2 Icebreakers Is Falling Apart. Trump’s Wall Could Block Funding for a New One.
Selling Sunset Cast Reacts to Chrishell Stause and G Flip's Marriage
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Kentucky high court upholds state abortion bans while case continues
Growing Number of States Paying Utilities to Meet Energy Efficiency Goals
Woman, 8 months pregnant, fatally shot in car at Seattle intersection