Current:Home > FinanceWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -VitalWealth Strategies
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-19 03:13:18
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! (7255)
Related
- All That You Wanted to Know About She’s All That
- Send in the clones: 2 black-footed ferret babies born to cloned mom for the first time
- 2024 Election: Kamala Harris' Stepdaughter Ella Emhoff Breaks Silence on Donald Trump’s Win
- Officials outline child protective services changes after conviction of NYPD officer in son’s death
- Current, future North Carolina governor’s challenge of power
- 'Jeopardy!' contestant says controversial sexist clue was 'a little uncomfortable'
- Bookstore lover inspires readers across America | The Excerpt
- Police search for missing mother who vanished in Wylie, Texas without phone or car
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Wildfires keep coming in bone-dry New Jersey
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Musk's 'golden ticket': Trump win could hand Tesla billionaire unprecedented power
- South Carolina, Iowa among five women's college basketball games to watch this weekend
- Union puts potential Philadelphia mass transit strike on hold as talks continue
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- How To Make Your Home Smell Really, Really Good Ahead of the Holidays
- Liam Payne's Toxicology Test Results Revealed After His Death
- Money in NCAA sports has changed life for a few. For many athletes, college degree remains the prize
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
How To Make Your Home Smell Really, Really Good Ahead of the Holidays
Volkswagen recalls nearly 115,000 cars for potentially exploding air bag: See list here
Mike Tyson-Jake Paul fight will feature Canadian for play-by-play commentary
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
The 2025 Grammy Nominations Are Finally Here
Ranked voting will determine the winner of Maine’s 2nd Congressional District
2025 Grammys: Cardi B, Miley Cyrus and More Stars React to Their Nominations