Current:Home > MyWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -Elevate Capital Network
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-12 17:14:35
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! (427)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- The Sweet Ways Heather Rae and Tarek El Moussa Celebrated One Month With Son Tristan
- Savannah Guthrie Leaves Today During Live Broadcast After Testing Positive for COVID
- Russia fires hypersonic missiles in latest Ukraine attack as war in east drives elderly holdouts into a basement
- Meta donates $1 million to Trump’s inauguration fund
- Ukraine invites Ron DeSantis to visit after Florida governor calls war a territorial dispute
- Prince Harry and Meghan say daughter christened as Princess Lilibet Diana
- Today Only, You Can Score This Bestselling $378 Coach Bag for $95
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Jane Birkin, British actress, singer and French icon, dies at 76
Ranking
- Trump wants to turn the clock on daylight saving time
- The Negro League revolutionized baseball – MLB's new rules are part of its legacy
- King Charles III's coronation: What to know for the centuries-old ceremony
- In 'The Vegan,' a refreshing hedge-fund protagonist
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Chrissy Teigen and John Legend Make a Kissing Sandwich With Baby Esti in Adorable Video
- In the Philippines, a survey shows growing support for gays and lesbians
- 15 Amazon Products You've Probably Been Putting Off Buying (But Should Finally Get)
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Shop the 10 Best Blazers Under $100 From H&M, Mango, Nordstrom & More
Crack in French nuclear reactor pipe highlights maintenance issues for state-run EDF's aging plants
3 YA fantasy novels for summer that bring out the monsters within
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Some advice from filmmaker Cheryl Dunye: 'Keep putting yourself out where you belong'
The continuing discoveries at Pompeii
Russia says renewing grain export deal with Ukraine complicated after U.N. chief calls the pact critical