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.
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.
As skiers wait for snow, Legislature tackles burning issue.
The après beer is so much a part of skiing. But which resort will be the first to feature a slopeside marijuana lounge?
That might still be hard to imagine, but another ski state, Vermont, may soon join Colorado and Washington in making the sale of pot legal.
Vermont Gov. Peter Shumlin announced his qualified support for legalization in his State of the State address last week. And the state’s Legislature will take up the issue as it embarks on a new session.
Vermont's pre-eminent weather guy expects cold temperatures and above-average snowfall from here on out. Get ready to ski.
Just as denial, anger, bargaining, and depression are giving way to acceptance among Eastern skiers that this season is going to be hugest stinker ever, there’s reason for hope, possibly even joy, in the weather forecast.
“I would be optimistic heading into the end of this month and early February and March,” says Mark Breen, the senior meteorologist at the Fairbanks Museum in St. Johnsbury, Vt.
That’s right, Eastern skiers: Step away from the ledge.