Current:Home > NewsWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -MoneyBase
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-12 02:41:54
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! (4)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- It's peak shopping — and shoplifting — season. Cops are stepping up antitheft tactics
- Sports Illustrated is the latest media company damaged by an AI experiment gone wrong
- The Excerpt podcast: Israel-Hamas truce extended through Wednesday
- 'We're reborn!' Gazans express joy at returning home to north
- The Best TikTok Gifts for Teens They’ll Actually Love and Want
- The Essentials: 'What Happens Later' star Meg Ryan shares her favorite rom-coms
- Shannen Doherty Shares Cancer Has Spread to Her Bones
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- NFL power rankings Week 13: Panthers, Patriots in ugly contest for league's worst team
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- 28 White Elephant Gifts for the Win
- See Jennifer Garner Hilariously Show Off All of the Nuts Hidden in Her Bag
- Mark Cuban working on sale of NBA's Mavericks to Sands casino family, AP source says
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Judge cites handwritten will and awards real estate to Aretha Franklin’s sons
- Patrick Kane signs with the Detroit Red Wings for the rest of the NHL season
- Texas Supreme Court hears case challenging state's near-total abortion ban
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
'Metering' at the border: Asylum-seekers sue over Trump, Biden border policy
Sandy Hook families offer to settle Alex Jones' $1.5 billion legal debt for at least $85 million
Burkina Faso’s state media says hundreds of rebels have been killed trying to seize vulnerable town
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Family of Los Angeles deputy killed in ambush shooting plans to sue county over forced overtime
Hunters killed nearly 18% fewer deer this year in Wisconsin’s nine-day gun season
Ohio Supreme Court dismisses 3 long-running redistricting lawsuits against state legislative maps