Vail Resorts Passes on Jay Peak, VT | Will Alterra Be Interested? Vail Resorts has been relentless in recent years in its pursuit of resorts to add to their portfolio. The most recent acquisition of Peak Resorts, set to close in fall 2019, will add a further 17 resorts to their collection. But one resort that’s on the market that they’re not interested in is Jay Peak, VT. Related: Former Jay Peak […] Industry News SnowBrains | September 10, 2019 0 Comments
Former Jay Peak Resort, VT Owner Indicted On Federal Charges in Multi-Million Dollar Fraud Case The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case were indicted on federal charges unsealed last week over a failed plan to build a biotechnology plant using foreign investors’ money. The charges are against Jay Peak’s former owner, Ariel Quiros, of Florida; its former president, William Stenger, of Newport; Quiros’ adviser, William […] Industry News SnowBrains | May 29, 2019 0 Comments
Experienced Skier Died After Freak Tree Strike Accident at Jay Peak, VT 68-year-old skier Bruce Charron took a turn on the edge of a run he’d skied a hundred times, lost a ski and hit a tree Sunday afternoon at Jay Peak Resort in Vermont. Ski patrollers performed CPR on Charron and loaded him in a rescue toboggan. But by the time they reached the infirmary at the bottom of the hill, […] Industry News SnowBrains | February 14, 2019 0 Comments
Jay Peak Resort, VT Will Be For Sale in ‘a Few Weeks’ | Could Vail Resorts be Interested? Jay Peak Resort, VT which was at the center of one of the biggest EB-5 frauds in history, moved a giant step closer to being sold Friday with the selection of an investment bank to represent it to potential buyers reports the Burlington Free Press. Federal receiver Michael Goldberg said he would file a motion in federal court late Friday or […] Industry News SnowBrains | January 8, 2019 0 Comments
Government Official Requested Audits into Jay Peak Resort, VT Years Before Fraud was Discovered A government official claims he repeatedly recommended audits into what he suspected were criminal goings-on at Jay Peak Resort years before it was exposed that the owners were committing fraud, but was told to stand down reports VTDigger. In a sworn deposition last month, Brent Raymond, who was in charge of the EB-5 program, said he asked the commerce agency […] Industry News SnowBrains | September 26, 2018 0 Comments
Proposed Sale of Jay Peak Resort and Burke Mountain, VT on Hold Until Next Summer at Least Jay Peak is expected to be in the hands of a new owner next summer while the sale of Burke Mountain is now indefinitely on hold, according to Michael Goldberg, the court-appointed receiver overseeing the two Northeast Kingdom ski resorts at the center of a massive EB-5 scandal, reports VTDigger. Burke Mountain’s sale is on hold, Goldberg said, as it continues […] Industry News SnowBrains | August 16, 2018 0 Comments
Jay Peak and Burke Mountain, VT: Revived and Ready to Hit the Market Jay Peak and Burke Mountain are ready for the market. After being surrendered by Ponzi-scheme perpetrator and previous owner Ariel Quiros, both resorts have recovered and plan to hit the market this year. According to VTDigger, the court appointed receiver, Michael Goldberg, has been making large improvements to the resorts. After years of major development projects, the resort has transformed from […] Industry News Katy Shipley | June 9, 2018 1 Comment
Jay Peak Resort, VT Extends Their Season | They Will Operate 7 Days A Week Through May 6th For the 9th season in a row, Jay Peak Resort, VT will spin the chairlifts in May. The resort announced that they will operate 7 days a week through Sunday, May 6th, 2018. They plan to spin Jet Triple, Stateside Carpet, Taxi Quad, and the Village Double through April 29th. Then, they plan to add Bonnie on April 28th & 29th. […] Industry News SnowBrains | April 25, 2018 0 Comments
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