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tedede said:Nelsbeer - You forgot the consumers are better off too.And Bernie's not a socialist, he's a "Democratic Socialist", like there's a clean end on a turd, but I digress.
Nelsbeer - You forgot the consumers are better off too.
joshua_segal said:I guess you tipped your hand that you're not voting for Bernie )
I guess you tipped your hand that you're not voting for Bernie )
NELSBEER said:VailPeakIntrawestAIG/StoweBoyneLes O.Disney Six Flags
lotsoskiing said:Sad for the people in that area, for sure, and hopefully things will rebound well.
Sad for the people in that area, for sure, and hopefully things will rebound well.
MissDaEast said:On a different note...there's a guy out of Provo, Utah, who is trying to buy up a lot of land in the townships of Tunbridge, Royalton, Sharon, and Strafford, VT, in order to build some sort of "visionary" ecocity. No one down there want his vision of a city of 20,000 people planted atop their farm land and forests. http://digital.vpr.net/…/utah-man-acquire-500-more-acres-ve…It might work in Newport. Someone should tell him to take his billions of dollars and park it there.
On a different note...there's a guy out of Provo, Utah, who is trying to buy up a lot of land in the townships of Tunbridge, Royalton, Sharon, and Strafford, VT, in order to build some sort of "visionary" ecocity. No one down there want his vision of a city of 20,000 people planted atop their farm land and forests. http://digital.vpr.net/…/utah-man-acquire-500-more-acres-ve…
Sounds like he doesn't have billions - says he's buying land year by year as funds become available. Hey - EB5!
Tyler Mt., right in Sharon off I-89, could support a decent ski area of 900 vertical feet.
obienick said:What the heck kind of cable package does he get for $865/month?!?
What the heck kind of cable package does he get for $865/month?!?
Receiver may borrow money for JayPeak project
LISA RATHKE and CURT ANDERSON, Associated Press 6:30 p.m.EDT May 13, 2016
MONTPELIER - A receiver appointedto oversee developments around a Vermont ski resort amid allegations of massivefraud says he may borrow money to finish one of the projects that has left apath for foreign investors seeking U.S. residency in limbo.
Michael Goldberg said in a Miamicourt this week that he needs $17.5 million to finish the Jay Peak Hotel SuitesStateside project, plus $2.1 million owed to the contractor. The hotel is builtbut other projects, including a recreation center and a medical center, arenot.
The Securities and ExchangeCommission and the state of Vermont have accused Jay Peak owner Ariel Quirosand resort president Bill Stenger of misusing about $200 million raised fromforeign investors through a special visa program. The EB-5 program offersforeign investors a chance at U.S. residency for investments in projects thatcreate jobs.
Quiros also is accused in thecivil complaints of diverting about $50 million for his personal use, includingto buy the Jay Peak and Burke Mountain ski resorts and a Trump Place luxurycondo in New York and to pay personal income taxes. Quiros' lawyer said thisweek that Quiros did not violate any securities laws and that investors weretold money paid to one of his entities could essentially be used for anypurpose Quiros wanted. Stenger has said he will be cleared of wrongdoing.
The SEC has frozen mostof Quiros' assets and is seeking an injunction barring him from operatingcompanies related to the Jay Peak projects.
"What I inherited wasnothing more than a disaster," Goldberg said. "To put the companiesback in the hands of the individuals who created this mess would be amistake."
Goldberg said he may get a loanto finish Stateside, pay the contractor, fix a tram and buy snowmakingequipment.
"It looks bleak right now.We may have to borrow money from a third party so the investors can retaintheir EB-5 status," he said.
Another project, a biomedicalresearch facility, is more of a challenge, he said. About $83 million wasraised from 166 investors but nothing has been built and $17.8 million is leftin an account.