Current:Home > ScamsWest Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -MoneyTrend
West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
View
Date:2025-04-14 15:29:57
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! (6388)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Why stinky sweat is good for you
- Mike MacCracken
- Martin Hoffert
- Intellectuals vs. The Internet
- Today’s Climate: May 12, 2010
- Avoiding the tap water in Jackson, Miss., has been a way of life for decades
- Demand for Presidential Climate Debate Escalates after DNC Says No
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Emily Ratajkowski Says She’s Waiting to Date the Right Woman in Discussion About Her Sexuality
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Trudeau Victory Ushers in Prospect of New Climate Era in Canada
- Kendall Jenner Only Used Drugstore Makeup for Her Glamorous Met Gala 2023 Look
- Priyanka Chopra Recalls Experiencing “Deep” Depression After Botched Nose Surgery
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Flash Deal: Save $621 on the Aeropilates Reformer Machine
- Why keeping girls in school is a good strategy to cope with climate change
- Senate’s Green New Deal Vote: 4 Things You Need to Know
Recommendation
Intel's stock did something it hasn't done since 2022
Jamie Foxx Breaks Silence After Suffering Medical Emergency
Trump-appointed federal judge rules Tennessee law restricting drag shows is unconstitutional
Today’s Climate: May 31, 2010
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Peabody Settlement Shows Muscle of Law Now Aimed at Exxon
The Truth About Emma Watson's 5-Year Break From Acting
Mother and daughter charged after 71-year-old grandmother allegedly killed at home