A Virginia bank has announced a delay in its plans to auction off land at West Virginia Governor Jim Justice’s luxury resort as part of efforts to recover over $300 million in defaulted business loans linked to the governor’s family.
Carter Bank & Trust of Martinsville, Virginia, revealed in a filing made in Greenbrier County Circuit Court on Friday that it will postpone the scheduled auction, originally set for March 5th, to a later date. This decision comes amid ongoing legal proceedings, including a request by the Greenbrier Sporting Club in White Sulphur Springs for a preliminary injunction against the bank.
The bank’s move follows a legal notice published in the Charleston Gazette-Mail on February 6th, announcing the planned auction involving land at the Greenbrier Sporting Club, a prestigious part of the governor’s resort. Carter Bank has been vocal about its intention to aggressively pursue the outstanding debt of $302 million in principal, along with accrued interest and fees, owed by companies associated with Governor Justice’s family.
In its filing, Carter Bank acknowledged the keen interest of homeowners within the Greenbrier Sporting Club development and the potential for further legal action from affected parties.
The delay in the auction and the ongoing legal battle highlight the complex financial entanglements surrounding Governor Justice’s business interests and the significant implications for both his family’s enterprises and the local community. As the dispute unfolds, stakeholders closely watch developments, eager to see how the resolution will impact the future of the governor’s resort and the broader economic landscape of West Virginia.
