Douglas Hulme

Margolis: In the EB-5 subculture, Jay Peak finances questioned

Many of the features and rides in the new Jay Peak water park are heated by capturing waste heat from an ice arena. Photo courtesy of Jay Peak Resort.

Jay Peak has more than 400 EB-5 investors, owner Bill Stenger said, and their investments have helped transform the property from a ski lodge into an all-weather, four-season resort with an indoor skating arena, a water slide, and golf courses.

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