Current:Home > MyWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -MoneyStream
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-17 11:07:39
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! (786)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Teresa Giudice Explains Her Shocking Reaction to Jackie Goldschneider Bombshell During RHONJ Finale
- A Virginia man is charged with online threats against Vice President Kamala Harris
- 2024 Olympics: Simone Biles Details Why She’s Wearing a Boot After Gymnastics Run
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Kansas sees 2 political comeback bids in primary for open congressional seat
- Georgia tops preseason USA Today Coaches Poll; Ohio State picked second
- Simone Biles’ greatness is summed up in one photo — but not the one you think
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- What does a state Capitol do when its hall of fame gallery is nearly out of room? Find more space
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- What does a state Capitol do when its hall of fame gallery is nearly out of room? Find more space
- Japan’s benchmark Nikkei 225 index soars more than 10% after plunging a day earlier
- Zendaya and Robert Pattinson in Talks to Star in New Romance Movie
- Travis Hunter, the 2
- Simone Biles’ greatness is summed up in one photo — but not the one you think
- Gabby Thomas leads trio of Americans advancing to 200 track final at Paris Olympics
- John Travolta and daughter Ella Bleu spotted on rare outing at Paris Olympics
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Miss USA 2024 Alma Cooper Shares How Pageant Changed After Noelia Voigt Relinquished Her Title
Noah Lyles cruises to easy win in opening round of 200
Details on Zac Efron's Pool Incident Revealed
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
T.I. arrested over case of mistaken identity, quickly released
Mondo Duplantis sets pole vault world record on final attempt - after already winning gold
Miss USA 2024 Alma Cooper Shares How Pageant Changed After Noelia Voigt Relinquished Her Title