Current:Home > StocksWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -Wealth Evolution Experts
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
TradeEdge Exchange View
Date:2025-04-07 03:02:17
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! (8)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- CVS closing select Target pharmacies, with plans to close 300 total stores this year
- During 100 days of war, a Gaza doctor pushes through horror and loss in his struggle to save lives
- Colin Kaepernick on Jim Harbaugh: He's the coach to call to compete for NFL championship
- Travis Hunter, the 2
- Live updates | Israel rejects genocide case as Mideast tensions rise after US-led strikes in Yemen
- 'True Detective' Season 4: Cast, release date, how to watch new 'Night Country' episodes
- California driving instructor accused of molesting and recording students, teen girls
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Judge orders Indiana to strike Ukrainian provision from humanitarian parole driver’s license law
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Simone Biles talks Green Bay Packers fans, husband Jonathan Owens, Taylor Swift at Lambeau
- NFL playoff games ranked by watchability: Which wild-card matchups are best?
- Former US Sen. Herb Kohl remembered for his love of Wisconsin, Milwaukee Bucks
- A South Texas lawmaker’s 15
- The avalanche risk is high in much of the western US. Here’s what you need to know to stay safe
- The FAA is tightening oversight of Boeing and will audit production of the 737 Max 9
- During 100 days of war, a Gaza doctor pushes through horror and loss in his struggle to save lives
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
3 teens face charges in Christmas Day youth facility disturbance, Albuquerque sheriff says
In 100 days, the Israel-Hamas war has transformed the region. The fighting shows no signs of ending
Sign bearing Trump’s name removed from Bronx golf course as new management takes over
The Daily Money: Spending more on holiday travel?
'True Detective' Season 4: Cast, release date, how to watch new 'Night Country' episodes
The avalanche risk is high in much of the western US. Here’s what you need to know to stay safe
Kaley Cuoco hid pregnancy with help of stunt double on ‘Role Play’ set: 'So shocked'