Current:Home > InvestWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -EliteFunds
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-12 23:47:04
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! (89323)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- 4 people charged over alleged plot to smuggle hundreds of Australian native reptiles to Hong Kong
- Travis Barker Reveals Strict But Not Strict Rules for Daughter Alabama Barker’s Dating Life
- Lisa Bonet files for divorce from Jason Momoa 18 years after they became a couple
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Massachusetts Gov. Maura Healey announces $375 million in budget cuts
- Haley accuses Biden of giving ‘offensive’ speech at the church where racist mass shooting occurred
- We thought the Golden Globes couldn't get any worse. We were wrong.
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Indiana Pacers All-Star point guard Tyrese Haliburton carried off floor with injury
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Iowa Legislature reconvenes with subdued start ahead of presidential caucuses
- Ron Rivera fired as Washington Commanders coach after four seasons
- Iowa Legislature reconvenes with subdued start ahead of presidential caucuses
- Intel's stock did something it hasn't done since 2022
- Emma Stone Jokingly Reacts to Support From “A--hole” Taylor Swift
- Massachusetts Gov. Maura Healey announces $375 million in budget cuts
- Filipino Catholics pray for Mideast peace in massive procession venerating a black statue of Jesus
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Emergency at 3 miles high: Alaska Airlines pilots, passengers kept calm after fuselage blowout
NFL Week 18 winners, losers: Eagles enter playoffs in a tailspin
CNN Anchor Sara Sidner Shares Stage 3 Breast Cancer Diagnosis
Nevada attorney general revives 2020 fake electors case
Airlines say they found loose parts in door panels during inspections of Boeing Max 9 jets
Q&A: Anti-Fracking Activist Sandra Steingraber on Scientists’ Moral Obligation to Speak Out
Italian influencer under investigation in scandal over sales of Christmas cakes for charity: reports