Current:Home > FinanceWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -Core Financial Strategies
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-14 19:57:16
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! (18517)
Related
- What to watch: O Jolie night
- As Extreme Weather Batters Schools, Students Are Pushing For More Climate Change Education
- State trooper who arrested LGBTQ+ leaders in Philadelphia no longer works for state police
- Battered by boycott and backlash, Target to no longer sell Pride collection in all stores
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Most of 15 million bees contained after bee-laden truck crashes
- Senate passes FAA reauthorization bill ahead of deadline
- U.S. announces new rule to empower asylum officials to reject more migrants earlier in process
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- New grad? In these cities, the social scene and job market are hot
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Man pleads no contest to manslaughter in Detroit police officer’s 2019 killing
- AP Indianapolis newsman Ken Kusmer dies at 65 after a short illness
- Flavor Flav is the official hype man for the US women’s water polo team in the Paris Olympics
- Nevada attorney general revives 2020 fake electors case
- He's been in an LA hospital for weeks and they have no idea who he is. Can you help?
- Embrace Your Unique Aura With Bella Hadid's Fragrance Line, 'Ôrəbella, Now Available At Ulta
- WNBA to expand to Toronto, per report. Team would begin play in 2026.
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
He's been in an LA hospital for weeks and they have no idea who he is. Can you help?
Ringo Starr talks hanging with McCartney, why he's making a country album and new tour
Former NBA player Glen 'Big Baby' Davis sentenced to 40 months in insurance fraud scheme
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Prince Harry, Duchess Meghan visit school children as part of first trip to Nigeria
Authorities make arrest in 2001 killing of Georgia law student who was found dead in a burning home
North Carolina Catholic school had right to fire gay teacher who announced wedding online, court rules