Current:Home > InvestWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -DataFinance
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-13 13:39:11
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! (15687)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- New York City subway shooter Frank James sentenced to life in prison
- Liverpool, West Ham remain perfect in Europa League, newcomer Brighton picks up first point
- PGA Tour's Peter Malnati backtracks after calling Lexi Thompson's exemption 'gimmick'
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Trump seeks to delay trial in classified documents case until after 2024 presidential election
- Washington state governor requests federal aid for survivors of August wildfires
- Man allegedly tries to abduct University of Virginia student: Police
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- New York City subway shooter Frank James sentenced to life in prison
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- The 10 essential Stephen King movies: Ranking iconic horror author’s books turned films
- Police identify 2 suspects in shooting that claimed life of baby delivered after mother shot on bus
- Pepco to pay $57 million over toxic pollution of Anacostia River in D.C.'s largest-ever environmental settlement
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- George Santos' ex-campaign treasurer Nancy Marks likely to plead guilty. Here's what we know so far.
- Man with handgun seeking governor arrested in Wisconsin Capitol, returns with assault rifle
- Woman murdered by Happy Face serial killer identified after 29 years, police say
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
Indianapolis police capture a cheeky monkey that escaped and went on the lam
Grandmother recounts close encounter with child kidnapping suspect
Men took over a job fair intended for women and nonbinary tech workers
Grammy nominee Teddy Swims on love, growth and embracing change
Oklahoma woman sentenced to 15 years after letting man impregnate her 12-year-old daughter
Tropical Storm Philippe is on a path to New England and Canada
US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition