Current:Home > MyWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -SecureNest Finance
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-16 00:19:09
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! (68)
Related
- Meta releases AI model to enhance Metaverse experience
- Sunisa Lee’s long road back to the Olympics ended in a familiar spot: the medal stand
- 8 states have sales tax holidays coming up. When is yours?
- Proposed rule would ban airlines from charging parents to sit with their children
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Who’s part of the massive prisoner swap between Russia and the West?
- 2 New York City police officers shot while responding to robbery, both expected to survive
- Gabby Thomas was a late bloomer. Now, she's favored to win gold in 200m sprint at Olympics
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- 1 killed and 3 wounded in shooting in Denver suburb of Aurora on Thursday, police say
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- 2024 Olympics: Simone Biles Wins Gold During Gymnastics All-Around Final
- USA Women's Basketball vs. Belgium live updates: TV, time and more from Olympics
- Watch as adorable bear cubs are spotted having fun with backyard play set
- Grammy nominee Teddy Swims on love, growth and embracing change
- No. 1 Iga Swiatek falls to Qinwen Zheng at the Olympics. Queen has shot at gold
- West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
- NBC defends performances of Peyton Manning, Kelly Clarkson on opening ceremony
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Olympian Mikaela Shiffrin’s Fiancé Hospitalized With Infection Months After Skiing Accident
Remember the ice bucket challenge? 10 years later, the viral campaign is again fundraising for ALS
Cardi B Is Pregnant and Divorcing Offset: A Timeline of Their On-Again, Off-Again Relationship
2025 'Doomsday Clock': This is how close we are to self
Wildfires encroach on homes near Denver as heat hinders fight
Scottie Scheffler 'amazed' by USA gymnastic team's Olympic gold at Paris Games
Bookmaker to plead guilty in gambling case tied to baseball star Shohei Ohtani’s ex-interpreter