West Virginia Governor Jim Justice is facing the unwanted prospect of having to auction off his prized possession, the Greenbrier luxury resort. In 2009, Justice rescued the resort from bankruptcy by purchasing it from CSX. He believes that the situation is politically motivated and linked to his Senate campaign. Justice is currently favored to win the Senate seat, which could tip the balance of power in the Senate to Republicans. He accuses big banks of targeting his property due to his political ambitions, something that would not have happened otherwise.
The Greenbrier resort is a widely recognized establishment known for opulence and a formal dress code. Justice is involved in more than 100 companies in various industries including agriculture, coal, real estate, and hospitality. The resort is located between Beckley, West Virginia, and Roanoke, Virginia. A statement from the Justice Companies revealed that the $142 million lien on the Greenbrier has been reduced to $9.4 million. JPMorgan Chase sold the loan to Beltway Capital-McCormick 101, leading to a default. Justice believes this move is part of a political stunt by the Democrats to prevent him from becoming the next Republican senator from West Virginia.
At a press briefing, Justice expressed his belief that the foreclosure auction was politically motivated and criticized JPMorgan CEO Jamie Dimon for his ties to the Democratic Party. Democrats disputed Justice’s claims of a political ploy and dismissed the idea of a conspiracy against him. Bob Wolford, an attorney for Justice, released a statement indicating that the Greenbrier will not be sold and that legal action would be taken to protect the property and its operations. The auction of the Greenbrier is set to take place on August 27 unless further intervention occurs.
Despite calls to Carter Bank of Martinsville, Virginia, from which Justice reportedly sought a second lien to appease JPMorgan Chase, the bank confirmed that they were aware of the foreclosure sale but were not the lenders initiating the process. Democrats denied any involvement in the situation and accused Justice of failing to pay his creditors without any interference from them. Regardless, Justice is determined to prevent the Greenbrier from being sold and to maintain its world-class service for guests.
The Greenbrier resort has deep sentimental value for Justice as he was instrumental in saving it from bankruptcy in 2009. He believes the move to auction the property is a politically motivated attempt to undermine his Senate campaign. Justice’s involvement in various industries and his anticipated Senate run have placed him in the spotlight, leading to speculation about the intentions behind the auction. The dispute between Justice and JPMorgan Chase, as well as the involvement of other parties, has raised questions about the underlying motivations behind the foreclosure auction. Despite the challenges he faces, Justice remains determined to protect the Greenbrier and its legacy.
