EB-5 foreign investor money was misspent, investors were misled by Stenger and Quiros, says SEC. Assets frozen. Court places Vermont resorts in receivership.
The beauty of the EB-5 Immigrant Investor Program, Jay Peak co-owner Bill Stenger told SKI Magazine last year, was that it provided him with “patient capital,” the kind he and partner Ariel Quiros weren’t required to pay back on a set timeline as they went about developing Jay and Q Burke resorts in Vermont.
Being the widow of a skiing legend isn’t easy. Emily Coombs is making it work.
Ten years ago this spring, Doug Coombs, one of American skiing’s most admired figures, died in a fall in one of the countless steep chutes at La Grave, France, the wild ski area where he lived with his wife, Emily, and their two-year-old son, David. Coombs, along with Chad VanderHam, died while working as mountain guides, the career Coombs had carved out after a career in ski films and extreme skiing competitions.
Drones are coming to resorts, which want them for everything from vanity videos to rescue efforts. But don’t expect to fly your own drone on the hill soon.
Bruce McTavish Glimpsed the dawning of skiing’s drone era last season at Canada’s Big White resort. The 60-year-old Seattleite paid a new drone-video service to film himself and his fiancée skiing a run together. “It was a lot of fun,” McTavish says. “I’d always wanted to see what I look like skiing from above.”
After acquiring the mountain in January, Vail Resorts plans major renovations for the Midwest ski area.
Vail Resorts announced, this week, that it will invest $13 million in its newest Midwest ski area: Wilmot Mountain, which Vail Resorts acquired in January. Wilmot, 65 miles north of Chicago, was the 13th ski area added to Vail Resorts’ empire.
After crashing during Saturday’s super-G, the Olympic medalist sustained multiple knee fractures provoking her to end her season.
Lindsey Vonn announced, Wednesday, that she’s ending her ski season early after injuring her left knee in a crash during a super-G race in Andorra, Europe, on Saturday.
Initial x-rays showed that Vonn had a hairline fracture on the tibial plateau. Not posing a significant threat, she competed in the super combined the next day. She then had further x-rays revealed two additional fractures along her knee, so she decided to hang up her race skis for the season.
We caught up with our SKI test director to find out what goes into the most trusted ski test in the industry.
Starting Monday our editors and more than a dozen rippers will tear up Deer Valley Resort for our annual ski test. For five days, testers will ski a combined (roughly) 150 skis with the final results being posted online and in SKI’s Buyers Guide.
Forty-eight passengers stranded, then roped to safety, after historic Tram breaks down. No injuries reported. Reopening expected by weekend.
Officials at state-owned Cannon Mountain, N.H., said late Sunday that a problem with the drive motor on the historic Tramway caused it to break down on Valentine's Day, stranding 48 people for between 90 minutes and three hours in subzero temperatures.
The small ski area gives Vail more access to skiers and riders in the Chicago and Milwaukee areas.
Vail Resorts announced that it swallowed up another Midwestern ski area, acquiring Wilmot Mountain, 65 miles north of Chicago.
”We plan to offer our Chicago and Milwaukee guests new season pass offerings that will provide the chance to experience the best skiing and snowboarding locally and in the West and will use our best-in-class technology to create more sophisticated channels of communication with everyone who skis at Wilmot,” Rob Katz, Vail Resorts’ chairman, says in a statement.