Current:Home > MarketsWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -MacroWatch
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
Rekubit Exchange View
Date:2025-04-08 03:04:21
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! (2)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- NC State's D.J. Burns has Purdue star Zach Edey's full attention and respect
- An appeals court blocks a debt relief plan for students who say they were misled by colleges
- Michelle Troconis' family defends one of the most hated women in America
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Your streaming is about to cost more: Spotify price hike is on the way says Bloomberg
- New York inmates who claimed lockdown was religious violation will be able to see eclipse
- Tennessee court to weigh throwing out abortion ban challenge, blocking portions of the law
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- ESPN executive Norby Williamson – who Pat McAfee called out – done after nearly 40 years
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Can animals really predict earthquakes? Evidence is shaky, scientists say
- Drake Bell Shares Why He Pleaded Guilty in Child Endangerment Case
- Philadelphia Phillies unveil new City Connect jerseys
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- 4.8 magnitude earthquake rattles NYC, New Jersey: Live updates
- Lawsuit naming Sean ‘Diddy’ Combs as co-defendant alleges his son sexually assaulted woman on yacht
- 3 people killed in crash of small plane in southeastern Oklahoma, authorities say
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Gray wolves hadn’t been seen in south Michigan since the 1900s. This winter, a local hunter shot one
March Madness: How to watch the women’s Final Four and what to watch for in the NCAA Tournament
Caitlin Clark reveals which iconic athlete is on her screensaver — and he responds
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
The moon could get its own time zone. Here's why.
What's next for Chiefs in stadium funding push? Pivot needed after fans reject tax measure
Amid legal challenges, SEC pauses its climate rule