City reverses course, will make Burlington Telecom bids public

Burlington Telecom

City officials said they were motivated, in part, by residents calling for greater transparency in the sale process.




Jay Peak loses $6.5 million going into ski season

Jay Peak Tram

The receiver blamed the shortfall on owner Ariel Quiros who he said “wrongfully diverted millions of dollars.”



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.




Federal judge OKs $13.3M Jay Peak settlement with Citibank

U.S. Federal Court South Florida District

The settlement funds, in large part, will go to run ski operations at Jay Peak and pay contractors for work on two developments in the Northeast Kingdom.



Jay Peak investor group drops objection to Citibank settlement

Jay Peak, water park

Exactly what convinced the investors to change their position is unclear.



Second group of EB-5 investors balks at Citibank settlement

AnC Bio Vermont

As part of the settlement, Citibank is seeking assurances that no claims can be asserted against the bank related to the federal lawsuit.



Jay Peak receiver reaches $13.3M settlement with Citibank

Ariel Quiros

The federal court must approve the deal. The money would be used to support operations at the ski resort and settle claims.