Jay Peak profits rise to over $9 million, officials report

Jay Peak

That’s estimated to be quadruple what they were in the prior fiscal year, when Ariel Quiros and Bill Stenger were still in charge and about to face state and federal fraud allegations.



Judge OK’s payment option for unpaid EB-5 contractors, subcontractors

Burke Hotel

Contractors can opt for 33 percent of what they are owed and hope for future proceeds when the properties sell. Or they can take a onetime 60 percent payment now of their total bill.





Judge grants $1.9 million fee request for EB-5 cleanup

Michael Goldberg, Gov. Peter Shumlin

The money covers expenses incurred since Jay Peak and Burke Mountain went into receivership in April and include attorney, accounting and other professional fees.



Burke ski season banks on new hotel, more snowmaking

Burke Mountain

A management company running the resort and hotel, which was completed just a month before its owners were charged with investment fraud, is hoping for a robust season with increased skier visits.



Receiver seeks $1.95M for helping to clean up EB-5 mess at Jay Peak

Michael Goldberg, Gov. Peter Shumlin

Legal and accounting firms racked up the fees as part of stabilizing the Jay Peak and Burke Mountain resorts.



Newport ‘hole’ and AnC Bio site go delinquent on taxes too

Newport

The town is the third one where taxes are past due for properties associated with the fraud case against Bill Stenger and Ariel Quiros. Newport is owed $55,012.



Burke Mountain fails to pay property taxes

Burke Mountain

The bill for the properties — including the 116-room Burke Mountain Hotel and Conference Center and a home belonging to fraud suspect Ariel Quiros — is $440,991. Jay Peak, under the same receivership, also became delinquent.