Current:Home > MarketsNovaQuant-West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -Pinnacle Profit Strategies
NovaQuant-West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
Johnathan Walker View
Date:2025-04-09 05:38:26
CHARLESTON,NovaQuant 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! (59)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Anyone else up for another Texas-Oklahoma war, this time for the WCWS softball title?
- Former protege sues The-Dream, accusing the hitmaking music producer of sexual assault
- Prisoner dies 12 days after Pennsylvania judge granted compassionate release for health reasons
- US appeals court rejects Nasdaq’s diversity rules for company boards
- The $64 million mystery: How a wave of anonymous donations is fueling the 2024 presidential campaign
- Company linked to 4,000 rescued beagles forced to pay $35M in fines
- Gerry Turner Confirms What Kendall Jenner Saw on His Phone That She Shouldn't Have
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Animal control officers in Michigan struggle to capture elusive peacock
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- How ‘Eruption,’ the new Michael Crichton novel completed with James Patterson’s help, was created
- U.S. soldier-turned-foreign fighter faces charges in Florida double murder after extradition from Ukraine
- Are peaches good for you? Nutrition experts break down healthy fruit options.
- Rylee Arnold Shares a Long
- Psychedelic drug MDMA faces FDA panel in bid to become first-of-a-kind PTSD medication
- Novak Djokovic Withdraws From French Open After Suffering Knee Injury
- U.S. soldier-turned-foreign fighter faces charges in Florida double murder after extradition from Ukraine
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
In new Hulu show 'Clipped,' Donald Sterling's L.A. Clippers scandal gets a 2024 lens: Review
Shohei Ohtani's former interpreter pleads guilty to two counts of fraud
Online marketplace eBay to drop American Express, citing fees, and says customers have other options
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Goldfish unveils new Spicy Dill Pickle flavor: Here's when and where you can get it
Goldfish unveils new Spicy Dill Pickle flavor: Here's when and where you can get it
Man sentenced to life without parole in ambush shooting of Baltimore police officer