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.
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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.
It sure seems like it’s all glam and glitz, but don’t let this iconic ski town fool you.
At first glance, Aspen doesn’t seem like it would pack that mean of a punch. Young moms in yoga pants chauffeur toddlers in expensive-looking strollers, men in fur coats sip coffee, and the Prada store radiates in the morning light. Sounds fairly innocent, right? As far as I can tell, it’s all a ploy because leaving Aspen almost always necessitates a vacation to recover from my vacation.