Current:Home > InvestWest 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
View
Date:2025-04-13 03:33:04
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! (8912)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- invisaWear Smart Jewelry and Accessories Are Making Safety Devices Stylish
- Kylie Jenner Debuts New Photos of “Big Boy” Aire Webster That Will Have You on Cloud 9
- Virtual Power Plants Are Coming to Save the Grid, Sooner Than You Might Think
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Where There’s Plastic, There’s Fire. Indiana Blaze Highlights Concerns Over Expanding Plastic Recycling
- Today's Jill Martin Shares Breast Cancer Diagnosis
- Record Investment Merely Scratches the Surface of Fixing Black America’s Water Crisis
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- When an Actor Meets an Angel: The Love Story of Dylan Sprouse and Barbara Palvin
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- UN Agency Provides Path to 80 Percent Reduction in Plastic Waste. Recycling Alone Won’t Cut It
- Gigi Hadid Released After Being Arrested for Marijuana in Cayman Islands
- A New Report Is Out on Hurricane Ian’s Destructive Path. The Numbers Are Horrific
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Khloe Kardashian Gives Rare Look at Baby Boy Tatum's Face
- Clean Beauty 101: All of Your Burning Questions Answered by Experts
- Miranda Lambert Stops Las Vegas Concert to Call Out Fans for Taking Selfies
Recommendation
The Daily Money: Spending more on holiday travel?
Nearly 1 in 5 Americans Live in Communities With Harmful Air Quality, Study Shows
The UN Wants the World Court to Address Nations’ Climate Obligations. Here’s What Could Happen Next
For the First Time in Nearly Two Decades, the EPA Announces New Rules to Limit Toxic Air Pollutants From Chemical and Plastics Plants
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Botched's Dr. Terry Dubrow Issues Warning on Weight Loss Surgeries After Lisa Marie Presley Death
invisaWear Smart Jewelry and Accessories Are Making Safety Devices Stylish
Massage Must-Haves From Miko That Take the Stress Out of Your Summer