James C. Justice II has bought the financially distressed Wintergreen Resort, Nate Delesline III reports for the Daily Progress. The colorful coal baron was profiled by the Post when he bought The Greenbriar three years ago, after owner CSX put the money-losing West Virginia resort into bankruptcy. A remarkably warm winter put Wintergreen in a tough spot, presumably lowering its value enough to make it a tempting takeover target for Justice. The sale should close next month.
Justice also owns seven square miles of land in southern Albemarle, which he bought from MeadWestvaco last year. No word on why he bought it, or what he intends to do with it.
Lacking a skier or snow bunny,
Wintergreen ran out of money.
Pecunious collier
Made moods much jollier;
Outlook in Nelson is sunny.
Think he can find a legal loophole and open a casino up there? That might draw more of a crowd and hedge global warming. Not sure the golf courses could draw a PGA event.
Daddy, won’t you take me back to Albemarle County,
Down by the James River, where paradise lay?
I’m sorry, my child, but you’re too late in asking.
Mr. Justice’s coal train has hauled it away.
:)