Current:Home > NewsWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -Elevate Profit Vision
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-17 01:23:08
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! (62411)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- They're illegal. So why is it so easy to buy the disposable vapes favored by teens?
- Feeling Overwhelmed About Going All-Electric at Home? Here’s How to Get Started
- Kelsea Ballerini Shares Insight Into Chase Stokes Romance After S--tstorm Year
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Outnumbered: In Rural Ohio, Two Supporters of Solar Power Step Into a Roomful of Opposition
- On The Global Stage, Jacinda Ardern Was a Climate Champion, But Victories Were Hard to Come by at Home
- In a new video, Dylan Mulvaney says Bud Light never reached out to her amid backlash
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- The quest to save macroeconomics from itself
Ranking
- Tom Holland's New Venture Revealed
- Melanie Griffith Covers Up Antonio Banderas Tattoo With Tribute to Dakota Johnson and Family
- Surfer Mikala Jones Dead at 44 After Surfing Accident
- A New Report Suggests 6 ‘Magic’ Measures to Curb Emissions of Super-Polluting Refrigerants
- This was the average Social Security benefit in 2004, and here's what it is now
- Tennis Star Naomi Osaka Gives Birth, Welcomes First Baby With Boyfriend Cordae
- China imposes export controls on 2 metals used in semiconductors and solar panels
- Gambling, literally, on climate change
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Dolly Parton Makes Surprise Appearance on Claim to Fame After Her Niece Is Eliminated
Colson Whitehead channels the paranoia and fear of 1970s NYC in 'Crook Manifesto'
The black market endangered this frog. Can the free market save it?
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Why inflation is losing its punch — and why things could get even better
Outnumbered: In Rural Ohio, Two Supporters of Solar Power Step Into a Roomful of Opposition
Sinking Land and Rising Seas Threaten Manila Bay’s Coastal Communities