Current:Home > MyWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -TradeBridge
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-15 06:56:32
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! (4)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- Bear attacks 7-year-old boy in New York backyard
- North Carolina woman lied about her own murder and disappearance, authorities say
- 49ers to explore options on Trey Lance after naming Sam Darnold backup to Brock Purdy, per report
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- United Airlines to pay $30 million after quadriplegic passenger ends up in a coma
- Michael Oher in new court filing: Tuohys kept him 'in the dark' during conservatorship
- How Kim Cattrall Returned as Samantha in And Just Like That Season 2 Finale
- The White House is cracking down on overdraft fees
- Spanish soccer president faces general assembly amid reports he will resign for kissing a player
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- 29 Cheap Things to Make You Look and Feel More Put Together
- Brooklyn man charged with murder in 'horrific' hammer attack on mother, 2 children
- Watch Yellowstone wolves bring 'toys' home to their teething pups
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Maui County files lawsuit against Hawaiian Electric Company over deadly wildfires
- Schutz Seasonal Sale: Save Up to 60% On Ankle Boots, Lace-Up Boots & More Fall Must-Haves
- Why a weak Ruble is good for Russia's budget but not Putin's image
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Prosecutors seek plea hearings for 2 West Virginia jail officers accused in inmate’s death
Jailed WSJ reporter Evan Gershkovich arrives at a hearing on extending his detention
BTK serial killer is in the news again. Here’s why and some background about his case
Why members of two of EPA's influential science advisory committees were let go
Average long-term US mortgage rate jumps to 7.23% this week to highest level since June 2001
Current mortgage rates are the highest they've been since 2001. Is there an end in sight?
Takeaways of AP report on sexual misconduct at the CIA