Current:Home > FinanceBurley Garcia|Bank plans to auction posh property owned by West Virginia Gov. Jim Justice to repay loans -FutureFinance
Burley Garcia|Bank plans to auction posh property owned by West Virginia Gov. Jim Justice to repay loans
Benjamin Ashford View
Date:2025-04-10 16:46:24
CHARLESTON,Burley Garcia W.Va. (AP) — A Virginia bank that is seeking to recover more than $300 million in longstanding unpaid business loans to the family of West Virginia Gov. Jim Justice is planning to auction off land at a sporting club located at the governor’s posh resort.
Carter Bank & Trust of Martinsville, Virginia, took out a legal notice in the Charleston Gazette-Mail on Tuesday. The notice said that an auction involving the Greenbrier Sporting Club lots is scheduled for March 5 at the Greenbrier County Courthouse in Lewisburg.
The Greenbrier Sporting Club is a private equity club and residential community that opened in 2000. Justice 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.
In a 2021 lawsuit that Justice and his companies filed against Carter Bank, the governor revealed that he is personally on the hook for $368 million in remaining loan debt to that bank. He also said that a close business relationship dramatically fell apart after the death of the bank’s founder, Worth Carter, in 2017. The 2021 lawsuit was later dismissed, but the Justice companies filed another lawsuit against the bank last November.
Justice, who owns dozens of companies, also has been the subject of numerous court claims that he has been late in paying millions of dollars he owes in fines, such as for unsafe working conditions at his coal mines.
Messages left with the governor’s office and with the Justice companies weren’t immediately returned Tuesday afternoon.
Justice, a Republican, is finishing his second term as governor this year and is running for the U.S. Senate seat currently held by Democrat Joe Manchin. Manchin has said he is not seeking reelection.
Last year dozens of properties owned by Justice in three counties were put up for auction as payment for delinquent real estate taxes.
veryGood! (38)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- A United Airlines passenger got belligerent with flight attendants. Here's what that will cost him.
- Pennsylvania nurse who gave patients lethal or possibly lethal insulin doses gets life in prison
- Yankees vs. Orioles battle for AL East supremacy just getting started
- The Super Bowl could end in a 'three
- Maria Georgas reveals she 'had to decline' becoming the next 'Bachelorette' lead
- Body found in duffel bag in Philadelphia identified as 4-year-old reported missing in December: Reports
- NFL draft's 15 biggest instant-impact rookies in 2024: Can anyone catch Caleb Williams?
- This was the average Social Security benefit in 2004, and here's what it is now
- Score a Hole in One for Style With These Golfcore Pieces From Lululemon, Athleta, Nike, Amazon & More
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- 'A Man in Full' review: Tom Wolfe Netflix series is barely a glass half empty
- An abortion rights initiative in South Dakota receives enough signatures to make the ballot
- Biden keeps quiet as Gaza protesters and police clash on college campuses
- $73.5M beach replenishment project starts in January at Jersey Shore
- Enjoy Savings on Savings at Old Navy Where You'll Get An Extra 30% off Already Discounted Sale Styles
- Why Boston Mom Was Not Charged After 4 Babies Were Found Dead in Freezer Wrapped in Tin Foil
- Do Alec Baldwin and Hilaria Baldwin Want Baby No. 8? He Says...
Recommendation
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Police in Fort Worth say four children are among six people wounded in a drive-by shooting
5th victim’s body recovered from Baltimore Key Bridge collapse, 1 still missing
Time's money, but how much? Here's what Americans think an hour of their time is worth
Arkansas State Police probe death of woman found after officer
Alex Hall Speaks Out on Cheating Allegations After Tyler Stanaland and Brittany Snow Divorce
Arkansas lawmakers approve new restrictions on cryptocurrency mines after backlash over ’23 law
Maria Georgas reveals she 'had to decline' becoming the next 'Bachelorette' lead