Current:Home > NewsWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -AssetPath
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-14 23:30:40
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! (893)
Related
- Sam Taylor
- Get a Mess-Free Tan in 1 Hour and Save 63% On Tan-Luxe Self-Tanning Mousse
- What would a Trump or DeSantis 2024 U.S. election win mean for Ukraine as Russia's war grinds on?
- Would Jax Taylor and Brittany Cartwright Return to Vanderpump Rules? They Say…
- B.A. Parker is learning the banjo
- Behati Prinsloo Shares Photo of How Baby No. 3 Will Be Loved By Her and Adam Levine’s Daughters
- 90 Day Fiancé Sneak Peek: Jen Says She's Disgusted After Rishi Sends Shirtless Pic to a Catfish
- Why Josh Peck Has a Surreal Bond With Hilary Duff
- Global Warming Set the Stage for Los Angeles Fires
- Transcript: House Minority Leader Hakeem Jeffries on Face the Nation, May 28, 2023
Ranking
- Average rate on 30
- TLC's Chilli Sets the Record Straight on Her Baby and Wedding Plans Amid Matthew Lawrence Romance
- Sephora 24-Hour Flash Sale: 50% Off Dermalogica, Urban Decay, Clinique, PMD, and More
- Hilary Duff’s Son Luca Comrie Is All Grown Up in Rare Outing in London
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- H&M Teams Up With Tess Holliday to Expand Size-Inclusive Clothing
- Ulta 24-Hour Flash Sale: Take 50% Off Grande Cosmetics, Sunday Riley, Origins, L'Occitane, and More
- 24-Hour Flash Deal: Save $80 on a KitchenAid Stand Mixer
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Tom Brady Shares Glimpse Inside Beach Day With His 3 Kids and NFL BFFs
Plan to release Fukushima nuclear plant water into sea faces local opposition: The sea is not a garbage dump
Canada will be the first country to print warning labels on each cigarette: Poison in every puff
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Katie Holmes Makes Rare Comment About Daughter Suri Cruise While Reflecting on Dawson's Creek Days
North Korea says first spy satellite crashes into sea after launch, admits failure
Hilary Duff’s Son Luca Comrie Is All Grown Up in Rare Outing in London