Current:Home > FinanceWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -TradeWisdom
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
Will Sage Astor View
Date:2025-04-11 09:28:24
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! (724)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- Crewed Boeing Starliner finally launches from Florida: 'Let's put some fire in this rocket'
- Stock exchanges need better back up for outages, watchdog says
- Appeals court halts Trump’s Georgia election case while appeal on Willis disqualification pending
- This was the average Social Security benefit in 2004, and here's what it is now
- Baby Reindeer Star Jessica Gunning Comes Out as Gay
- Celebrating Pride Month? You Need These Fun Accessories to Level up Your Pride Outfit
- Joro spiders are back in the news. Here’s what the experts really think about them
- B.A. Parker is learning the banjo
- Who will Jake Paul fight next? Here are his options after Mike Tyson’s ulcer flareup
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Some veggie puffs contain high levels of lead, Consumer Reports finds
- Chicago woman loses baby after teens kicked, punched her in random attack, report says
- Cities are shoring up electrical grid by making 'green' moves
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Woman in Michigan police standoff dies after being struck with ‘less lethal round’
- 3 newborn babies abandoned in London over 7 years are all related, court reveals
- Adam Levine Is Returning to The Voice: Meet His Fellow Season 27 Coaches
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
UN agency predicts that 1.5-degree Celsius target limit likely to be surpassed by 2028
Pat Sajak set for final 'Wheel of Fortune' episode after more than four decades: 'An odd road'
Judge dismisses cruelty charges against trooper who hit loose horse with patrol vehicle
New data highlights 'achievement gap' for students in the US
Jake Gyllenhaal Addresses Possible Wedding Plans With Girlfriend Jeanne Cadieu
Federal officials make arrest in alleged NBA betting scheme involving Jontay Porter
Tori Spelling Reveals She Replaced Her Disgusting Teeth With New Veneers