Current:Home > InvestWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -BeyondWealth Learning
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-16 17:34:26
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! (519)
prev:'Most Whopper
next:Sam Taylor
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Interpol widens probe in mysterious case of dead boy found in Germany's Danube River
- Have a food allergy? Your broken skin barrier might be to blame
- Julie Ertz, a two-time World Cup champion, announces retirement from professional soccer
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Texas high court allows law banning gender-affirming care for transgender minors to take effect
- Late night TV hosts team up for a new podcast amid the writers' strike
- Owners of Scranton Times-Tribune, 3 other Pennsylvania dailies sell to publishing giant
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Hurricane, shooting test DeSantis leadership as he trades the campaign trail for crisis management
Ranking
- New data highlights 'achievement gap' for students in the US
- Florida father arrested 2 years after infant daughter found with baby wipe in throat
- 1 killed, 3 injured after shooting at Texas shopping center; suspected shooter dead
- Houston Cougars football unveils baby blue alternate uniforms honoring Houston Oilers
- All That You Wanted to Know About She’s All That
- Texas guardsman suspended after wounding man in cross-border shooting, Mexico says
- Retiring John Isner helped change tennis, even if he never got the recognition he deserves
- Three found dead at remote Rocky Mountain campsite were trying to escape society, stepsister says
Recommendation
The Grammy nominee you need to hear: Esperanza Spalding
Heading into 8th college football season, Bradley Rozner appreciates his 'crazy journey'
Week 1 college football predictions: Here are our expert picks for every Top 25 game
Heading into 8th college football season, Bradley Rozner appreciates his 'crazy journey'
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
US regulators might change how they classify marijuana. Here’s what that would mean
The Lineup for Freeform's 31 Nights of Halloween Is Here and It's Spooktacular
Judge halts drag show restrictions from taking effect in Texas