Current:Home > ScamsWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -Trailblazer Capital Learning
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-14 04:45:30
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! (5)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- High winds – up to 80 mph – may bring critical fire risk to California
- 10 teams to watch as MLB rumors swirl with GM meetings, free agency getting underway
- Competitive Virginia races could play a critical role in the battle for Congress
- Could your smelly farts help science?
- Jonathan Haze, who played Seymour in 'The Little Shop of Horrors,' dies at 95: Reports
- Legislature’s majorities and picking a new state attorney general are on the Pennsylvania ballot
- Easily find friends this Halloween. Here's how to share your location: Video tutorial.
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Heidi Klum poses with daughter, 20, and mom, 80, in new lingerie campaign
Ranking
- Arkansas State Police probe death of woman found after officer
- GOP senator from North Dakota faces Democratic challenger making her 2nd US Senate bid
- Who is Steve Kornacki? What to know about MSNBC anchor breaking down election results
- Democrats are heavily favored to win both of Rhode Island’s seats in the US House
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Charges against South Carolina women's basketball's Ashlyn Watkins dismissed
- Democratic mayors in San Francisco and Oakland fight to keep their jobs on Election Day
- Garth Brooks, Trisha Yearwood have discussed living in Ireland amid rape claims, he says
Recommendation
A South Texas lawmaker’s 15
10 teams to watch as MLB rumors swirl with GM meetings, free agency getting underway
Strike at Boeing was part of a new era of labor activism long in decline at US work places
Sean 'Diddy' Combs thanks his children for their support as they sing 'Happy Birthday'
Meet first time Grammy nominee Charley Crockett
Justices who split on an abortion measure ruling vie to lead Arkansas Supreme Court
Tropical Storm Rafael to become hurricane before landfall in Cuba. Is US at risk?
Democrats defend Michigan’s open Senate seat, a rare opportunity for Republicans