Big Burke announcement

Smellytele · Jul 25, 2017

[h=2][FONT=&quot]Save 25% on 3 nights[/FONT][FONT=&quot][/FONT][/h] [h=2][FONT=&quot]Save 35% on 4 nights[/FONT][FONT=&quot] or more [/FONT][FONT=&quot]
in the Burke Mountain Hotel & Conference Center![/FONT][/h] [h=2][FONT=&quot]Must book by Friday, August 18th [/FONT][FONT=&quot]
to receive the discount on your ski & stay package.

Offer valid during the period of Dec. 24th through Dec. 31st, 2017[/FONT][/h] [FONT=&quot]Click here for complete details and to book![/FONT]

crank · Jul 25, 2017

We stayed there last December 27 - 29 for a heck of a lot less! Will wait and see.

VTKilarney · Jul 26, 2017

Snowmaking at Burke makes a Christmas trip a gamble.

thetrailboss · Jul 26, 2017

VTKilarney said:
Snowmaking at Burke makes a Christmas trip a gamble.

Well.....they are making some big improvements this year on snowmaking. The weather is what makes or breaks things.

VTKilarney · Jul 26, 2017

thetrailboss said:
The weather is what makes or breaks things.

Very true for Burke.

thetrailboss · Jul 26, 2017

VTKilarney said:
Very true for Burke.

And also the limited pockets. They don't have any money to waste.

mbedle · Jul 26, 2017

14 million in the bank account as of May 1st.

thetrailboss · Aug 7, 2017

Official info on the T-Bar Project:

https://vtdigger.org/2017/08/06/new-1-5m-lift-part-deal-burke-resort-academy/

MEtoVTSkier · Aug 7, 2017

thetrailboss said:
Official info on the T-Bar Project:

https://vtdigger.org/2017/08/06/new-1-5m-lift-part-deal-burke-resort-academy/

Seems like everyone is happy with the agreements for the most part. They posted on FB today too about the snowmaking pipe arriving.

thetrailboss · Aug 7, 2017

Another article.

http://www.caledonianrecord.com/new...cle_732e98bb-b220-52cd-bf29-e2387825d303.html

mbedle · Aug 8, 2017

Was reading a letter posted by the receivership proposing that PhaseVII investors may elect to have their 500K investment escrowed and possibly invested in a new development project. Any guesses on what new development project they may be thinking of for either Burke or Jay Peak? It was my understanding that the Raymond James settlement covered finishing all the other phases.

thetrailboss · Aug 8, 2017

mbedle said:
Was reading a letter posted by the receivership proposing that PhaseVII investors may elect to have their 500K investment escrowed and possibly invested in a new development project. Any guesses on what new development project they may be thinking of for either Burke or Jay Peak? It was my understanding that the Raymond James settlement covered finishing all the other phases.

That's news to me. Jay I would imagine. Don't they still have plans for more houses up there?

mbedle · Aug 8, 2017

thetrailboss said:
That's news to me. Jay I would imagine. Don't they still have plans for more houses up there?

The cottages are being finished, but that is being funded by the RJ settlement. They revised one of the offering to get rid of the medical center and something else (I think they just went with sports fields). Will be interesting to see what they are planning. Maybe a complete snowmaking upgrade for Burke?

thetrailboss · Aug 8, 2017

mbedle said:
The cottages are being finished, but that is being funded by the RJ settlement. They revised one of the offering to get rid of the medical center and something else (I think they just went with sports fields). Will be interesting to see what they are planning. Maybe a complete snowmaking upgrade for Burke?

Significant snowmaking upgrades continue at Burke. Fixing an air compressor, adding more fan guns, adding more water pumping capacity, and adding snowmaking pipe on McHarg's Cutoff AND Upper Doug's. The latter is a relatively easy job since in 1998 or 1999 Northern Star had anticipated such work and put joints/sockets into the Toll Road Line to allow the new section to be simply plumbed in.

Snowmaking is not a good EB-5 project though. But interesting how the Receiver "gets it" as to how to make Burke better. Word has it that Stenger is the one who is advising.

mbedle · Aug 8, 2017

I don't think it is word that Stenger is advising, its been stated by the receiver that he is still used by the receivership when needed. Which I think is a really good thing for both of these resorts.

Jully · Aug 8, 2017

mbedle said:
The cottages are being finished, but that is being funded by the RJ settlement. They revised one of the offering to get rid of the medical center and something else (I think they just went with sports fields). Will be interesting to see what they are planning. Maybe a complete snowmaking upgrade for Burke?

Did they opt to eliminate building the medical center?

Smellytele · Aug 8, 2017

thetrailboss said:
Snowmaking is not a good EB-5 project though.

Isn't Mount Snow using eb-5 for snowmaking?

mbedle · Aug 8, 2017

Yes, but they also have the Carinthia base lodge as part of the project.

mbedle · Aug 8, 2017

Jully said:
Did they opt to eliminate building the medical center?

Yes, it was decided that the medical center did not add enough to the project as far as job creations.

thetrailboss · Aug 8, 2017

Smellytele said:
Isn't Mount Snow using eb-5 for snowmaking?

mbedle said:
Yes, but they also have the Carinthia base lodge as part of the project.

Exactly. The same project. Anyone know if they argued that the snowmaking was needed to "preserve" the jobs instead of "create" new jobs? That might be a way to make a snowmaking project work.

Big Burke announcement

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