In a bid to recover more than $300 million in longstanding unpaid business loans owed by the family of West Virginia Governor Jim Justice, a Virginia bank is planning to auction off land at a sporting club situated at the governor's upscale resort.
Carter Bank & Trust of Martinsville, Virginia, issued a legal notice in the Charleston Gazette-Mail, announcing the auction of Greenbrier Sporting Club lots scheduled for March 5 at the Greenbrier County Courthouse in Lewisburg. I Photo: Carter Bank & Trust Facebook
John Raby's report for the Associated Press (AP) outlines the impending auction organized by Carter Bank & Trust of Martinsville, Virginia.
The bank issued a legal notice in the Charleston Gazette-Mail, announcing the auction of Greenbrier Sporting Club lots scheduled for March 5 at the Greenbrier County Courthouse in Lewisburg.
The Greenbrier Sporting Club, established in 2000, is a private equity club and residential community situated within the governor's posh resort. Justice acquired The Greenbrier, renowned for hosting US presidents and royalty, out of bankruptcy in 2009.
The resort also hosted a PGA Tour tournament from 2010 to 2019. In a lawsuit filed against Carter Bank in 2021, Justice disclosed that he personally owes $368 million in remaining loan debt to the bank.
He highlighted a significant deterioration in his business relationship with the bank following the death of its founder, Worth Carter, in 2017.
Justice, who owns numerous companies, has faced several court claims alleging delays in paying fines, including those for unsafe working conditions at his coal mines. Notably, numerous properties owned by Justice across three counties were slated for auction last year as payment for delinquent real estate taxes.