Current:Home > ContactWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -CapitalCourse
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-12 03:35:10
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! (3742)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Supreme Court temporarily blocks Texas law that allows police to arrest migrants
- The man sought in a New York hotel killing will return to an Arizona courtroom for a flight hearing
- Haiti orders a curfew after gangs overrun its two largest prisons. Thousands have escaped
- Former Syrian official arrested in California who oversaw prison charged with torture
- Blizzard aftermath in California's Sierra Nevada to bring more unstable weather
- Just How Much Money Do CO2 Pipeline Companies Stand to Make From the Inflation Reduction Act?
- Hurricane season forecast is already looking grim: Here's why hot oceans, La Niña matter
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- The Supreme Court’s Social Media Case Has Big Implications for Climate Disinformation, Experts Warn
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- What does 'shipping' mean? Unpacking the romance-focused internet slang
- Jonathan Majors, Meagan Good make red carpet debut a month before his assault sentencing
- California officials give Waymo the green light to expand robotaxis
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Judge upholds Tennessee law to stop crossover voting in primaries. Critics say the law is too vague.
- Two men are dead after a small plane crash near a home in Minnesota
- NHL trade deadline primer: Team needs, players who could be dealt
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
They all won an Academy Award for best actress. But who is really best? Our ranking
Takeaways from the Wisconsin 2020 fake electors lawsuit settlement
More than 10,000 players will be in EA Sports College Football 25 video game
Former Danish minister for Greenland discusses Trump's push to acquire island
Paul McCartney and Ringo Starr reunite at Stella McCartney's Paris Fashion Week show
The 'Wiseman' Paul Heyman named first inductee of 2024 WWE Hall of Fame class
US Postal Service plans to downsize a mail hub in Nevada. What does that mean for mail-in ballots?