West Virginia Gov. Justice avoids foreclosure on his 11,000-acre resort

Published: Aug 23, 2024 Duration: 00:03:03 Category: News & Politics

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[Music] West Virginia governor Jim Justice is on a Glide path to Capitol Hill he's expected to handily win his Senate race this November but before he Jets off to Washington he's looking to settle things with one of his businesses that's not doing so well his family just made a deal to avoid foreclosure on their 710 room 11,000 acre Green Brier Resort it's taken care of and we move forward and The Greenbrier is as as it can possibly be and the greenb is going to be in our family forever more there was supposed to be a court hearing on the matter Friday and an auction of the property on Tuesday both were cancelled according to a statement from the family Beltway Capital will receive a specific payment in full by October 24th they said as long as that payment is made all issues regarding the Greenbrier are concluded at a briefing Thursday Justice said the family originally took out a $200 million unsecured loan on the property which they paid all the way down to 9.4 million he said they made payments as recently as June he accused JP Morgan of making a political decision to sell the loan to Beltway Capital which declared the loan in default last month we had a 14-year working relationship with JP Morgan and then shortly after the primary where I was the winner hands down you're going to the US Senate no matter what anybody says under the sun it makes it made total no sense other than political The Greenbrier is one of the oldest hotels in the United States it was founded in 1778 closed during the Civil War to serve as a military hospital and Command Center and reopened in 1865 the historic property is rich in resources like mineral hot springs and golf courses designed by Jack Nicholas but perhaps the coolest part of its history is a 112,000 ft nuclear bun ER code name project Greek island it was built between 1958 and 1961 so Congress could take shelter and continue operating in case of nuclear war it has a 25ton blast door beds for every lawmaker and their family and everything needed to live underground the federal government terminated the lease with the Green Brier in 1995 it opened for tours in 2006 Democrats said Justice should drop out of the race due to the hotel's financial problems that includes the loan and failure to make payments to the employees health fund which could lead to employees losing their health care coverage the state democratic party chair said in a statement his financial House of Cs is falling down around him making him a terminally compromised candidate under these circumstances Justice can't continue to seek election to the United States Senate he has become a national embarrassment Justice dropping out may be the only chance Democrats have to win a recent poll from June found justices up 30 points over his Democratic opponent right

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