The family of Jim Justice, West Virginia's governor and U.S. Senate candidate, has successfully negotiated an agreement to prevent the foreclosure of The Greenbrier, a historic resort with roots dating back to 1778. This development comes as a relief to many, as the property, one of America's oldest resorts, was facing a potential auction.
Under the terms of the agreement with Beltway Capital, the Justice family must make a full payment by October 24, 2024, just 63 days from now. While the exact amount remains undisclosed, the family has stated that they have already secured the necessary funds.
The Greenbrier, spanning 11,000 acres in White Sulphur Springs, West Virginia, has been a significant part of American history for over two centuries. It has hosted 26 U.S. Presidents and even housed a secret Cold War-era bunker for the U.S. Congress. The resort boasts 710 rooms, a mineral spa, and a casino that opened in 2010.
However, the resort's recent financial troubles have cast a shadow over its illustrious past. Employees at The Greenbrier are facing uncertainty regarding their health insurance coverage due to missed contributions by the Justice family. Union officials report that contributions have been absent for four months, with $2.4 million currently owed and an additional $1.2 million soon due.
Jim Justice, who acquired The Greenbrier for $20.1 million in 2009, has been serving as West Virginia's governor since 2017. His tenure has been marked by both political achievements and business-related challenges. Justice, whose net worth was estimated at $513 million by Forbes in 2021, has faced accusations of late payments for business debts and fines related to his various enterprises.
The Greenbrier's significance extends beyond its role as a luxury resort. During World War II, it served as a military hospital, and its on-site Greenbrier Clinic is renowned for medical diagnostics. The property also features championship golf courses, including one designed by Jack Nicklaus, and offers unique experiences such as a falconry program.
As the October 2024 deadline approaches, all eyes will be on the Justice family and The Greenbrier. The resolution of this financial challenge could have far-reaching implications, not only for the historic resort and its employees but also for Jim Justice's political aspirations as he campaigns for a U.S. Senate seat.