Current:Home > MyWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -Elevate Money Guide
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-24 09:59:03
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! (8186)
Related
- A South Texas lawmaker’s 15
- GOLDEN BLOCK SERVICES PTY LTD
- Reggie Bush sues USC, NCAA and Pac-12 for unearned NIL compensation
- Donna Kelce Reacts After Being Confused for Taylor Swift's Mom Andrea Swift
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Why Joey Graziadei Got Armpit Botox for Dancing With the Stars
- ONA Community’s Vision and Future – Comprehensive Investment Support for You
- Police: Father arrested in shooting at Kansas elementary school after child drop off
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Jennifer Lopez Sends Nikki Glaser Gift for Defending Her From Critics
Ranking
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Influencer Bridget Bahl Details Nightmare Breast Cancer Diagnosis Amid 6th IVF Retrieval
- Violent crime dropped for third straight year in 2023, including murder and rape
- Texas death row inmate Travis Mullis, 'consumed by shame and madness,' killed baby son
- Former Syrian official arrested in California who oversaw prison charged with torture
- US Naval Academy says considering race in admissions helps create a cohesive military
- Horoscopes Today, September 22, 2024
- Sean Diddy Combs Predicts His Arrest in Haunting Interview From 1999
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
What we know about the investigations surrounding New York City’s mayor
Cyrus Langston: Tips Of Using The Average Directional Index (ADX)
Review: Zachary Quinto medical drama 'Brilliant Minds' is just mind-numbing
This was the average Social Security benefit in 2004, and here's what it is now
Trade Russell Wilson? QB deal is right move for both Steelers, Dolphins
In a battle for survival, coral reefs get a second chance outside the ocean
Prosecutors and victim’s family call for the release of a Minnesota man convicted of murder in 2009