Current:Home > StocksChainkeen Exchange-West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign -AssetScope
Chainkeen Exchange-West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
Ethermac View
Date:2025-04-08 17:38:17
CHARLESTON,Chainkeen Exchange 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! (3868)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Baby and toddler among 6 family members shot dead at home in Mexico
- Billy Ray Cyrus files for divorce from wife Firerose after 8 months of marriage
- Biden reacts to his son Hunter's guilty verdict in gun case, vowing to respect the judicial process
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- United States men's national soccer team friendly vs. Brazil: How to watch, rosters
- Is honeydew good for you? A nutrition breakdown
- North Carolina lawmakers approve mask bill that allows health exemption after pushback
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- When does 'Bridgerton' come out? Season 3 Part 2 release date, cast, where to watch new episodes
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Judge sets hearing over alleged leak of Nashville school shooter info to conservative outlet
- Nicki Minaj Shares Teary Video About Beautiful Baby Boy That Sparks Concern From Fans
- Johnson & Johnson reaches $700 million settlement in talc baby powder case
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Former Trump attorney in Wisconsin suspended from state judicial ethics panel
- Karen Read on trial for death of boyfriend John O'Keefe as defense claims police cover up
- Rapper Enchanting Dead at 26
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
New King Charles portrait vandalized at London gallery
Glen Powell learns viral 'date with a cannibal' story was fake: 'False alarm'
Jay-Z’s Roc Nation to drum up support for private school vouchers in Philadelphia
Rylee Arnold Shares a Long
3 people injured in shooting at Atlanta food court; suspect shot by off-duty officer
Tiger Woods feeling at home with 'hot, humid' conditions at US Open
After baby's fentanyl poisoning at Divino Niño day care, 'justice for heinous crime'