Current:Home > FinanceWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -WealthFlow Academy
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-17 05:22:07
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! (7827)
Related
- All That You Wanted to Know About She’s All That
- Princess Anne hospitalized with minor injuries and a concussion
- Terrorist attacks in Russia's Dagestan region target church, synagogue and police, kill at least 19 people
- 2 years after Dobbs, Democratic-led states move to combat abortion bans
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- College World Series 2024: How to watch Tennessee vs. Texas A&M final game Monday
- Takeaways from AP’s report on new footage from the fatal shooting of a Black motorist in Georgia
- Cleveland Cavaliers hire Kenny Atkinson as new head coach
- Nevada attorney general revives 2020 fake electors case
- Legendary waterman Tamayo Perry killed in shark attack while surfing off Oahu in Hawaii
Ranking
- Federal hiring is about to get the Trump treatment
- Chicago woman missing in Bahamas after going for yoga certification retreat, police say
- Travis Kelce Shares When He Started to Really Fall for Taylor Swift
- Hawaii wildfire death toll rises to 102 after woman determined to have died from fire injuries
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Consumer confidence in U.S. falls in June as Americans fret about near-term prospects
- Social media sensation Judge Frank Caprio on compassion, kindness and his cancer diagnosis
- Who are America’s Top Online shops? Here is a list of the top-ranking companies.
Recommendation
Trump wants to turn the clock on daylight saving time
‘Sing Sing’ screens at Sing Sing, in an emotional homecoming for its cast
It’s Official! Girlfriend Collective Has the Most Stylish Workout Clothes We’ve Ever Seen
Will ex-gang leader held in Tupac Shakur killing get house arrest with $750K bail? Judge to decide
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Who is being targeted most by sextortion on social media? The answer may surprise you
Sen. Bob Menendez’s Egypt trip planning got ‘weird,’ Senate staffer recalls at bribery trial
Police ask Texas prosecutors to treat attempted drowning of 3-year-old child as a hate crime