Stenger and Quiros Ousted from Management of Jay Peak and Burke

drjeff · Apr 16, 2016

Trying to figure out in 5 years from now when we look back on mega ski area management screw ups whether this Quiros - Stenger EB-5 debacle or the Powdr - Park City Mtn Resort forgot to notify Talisker they intended to renew their land lease, will be looked at as the "worst" screw up???

Hawkshot99 · Apr 16, 2016

drjeff said:
Trying to figure out in 5 years from now when we look back on mega ski area management screw ups whether this Quiros - Stenger EB-5 debacle or the Powdr - Park City Mtn Resort forgot to notify Talisker they intended to renew their land lease, will be looked at as the "worst" screw up???

That's a great question. I would have to say the PCMR personally. It was a small fuck up that cost them greatly, were this was massive blatent fraud. This wasn't a screw up except that they got caught.

gladerider · Apr 16, 2016

I second PCMR vote

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deadheadskier · Apr 16, 2016

BenedictGomez said:
Hunter Mountain was worth way more than Jay Peak prior to millions of dollars of "free money" parachuted into JP. Frankly, I'm not even confident Jay Peak should be valued > Hunter Mountain even today, post millions of dollars of "free money" parachuted into it.

I did a political contributions search and posted this info regarding Quiros' political donations in this thread months ago, but it was deleted by a mod who's name shall not be mentioned, who didn't like my pointing out the likely political collusion with the Vermont State Democratic party. Of which, I might add, I'm vindicated on this point too now.

It had nothing to do with that and everything to do with your lack of control in politicizing anything you can as Democrat vs Republican. Donations have also been made by the accused to Romney and Kasich in the past.

Both parties wreak of corruption, but this is not the forum for discussing that. AZ has long had a no politics rule, which for some reason you have a history of not grasping.

Plenty of other places on the internet to discuss politics. Go find them if it's that important to you.

gladerider · Apr 16, 2016

BenedictGomez said:
Hunter Mountain was worth way more than Jay Peak prior to millions of dollars of "free money" parachuted into JP. Frankly, I'm not even confident Jay Peak should be valued > Hunter Mountain even today, post millions of dollars of "free money" parachuted into it.

I did a political contributions search and posted this info regarding Quiros' political donations in this thread months ago, but it was deleted by a mod who's name shall not be mentioned, who didn't like my pointing out the likely political collusion with the Vermont State Democratic party. Of which, I might add, I'm vindicated on this point too now.

Even today?

You got me curious. Wonder what their ebitda is. I think hunter's was or around $6 mil at the time sale.

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VTKilarney · Apr 16, 2016

gladerider said:
I second PCMR vote

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Third.

.

yeggous · Apr 16, 2016

Jay is not far away and isolated. It is closer to a major city than Hunter is. It is an easy day trip from Montreal.

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ScottySkis · Apr 16, 2016

yeggous said:
Jay is not far away and isolated. It is closer to a major city than Hunter is. It is an easy day trip from Montreal.

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Hunter is about 2 hours from NYC without speeding to Hunter.maybe Platty owner would buy Burke now

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yeggous · Apr 16, 2016

ScottySkis said:
Hunter is about 2 hours from NYC without speeding to Hunter.maybe Platty owner would buy Burke now

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Right. And Jay is less than two hours from downtown Montreal, assuming the border crossing is painless.

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VTKilarney · Apr 16, 2016

The New York metro area is a LOT bigger, though.

JimG. · Apr 16, 2016

VTKilarney said:
The New York metro area is a LOT bigger, though.

+1

freeski · Apr 16, 2016

Does Vermont have the death penalty?

fbrissette · Apr 16, 2016

Cannonball said:
It may be far from you, but it's only 1:45 from 1.6 million people in Montreal. And for everyone else they've built themselves to be a destination not a day-trip.

Greater Montreal area is now 4 million people.

Harvey · Apr 16, 2016

freeski said:
Does Vermont have the death penalty?

IMO Montreal is plenty big enough to keep Jay busy.

freeski · Apr 16, 2016

It was a joke. However, it is possible that Quiros dies in prison even though he's only 58. I think Stenger will get a lighter, but still significant sentence. I hope there's a trial so the public can see what went on.

Harvey · Apr 16, 2016

I'm thinking Q loses "everything" but no jail.

freeski · Apr 16, 2016

Harvey said:
I'm thinking Q loses "everything" but no jail.

There is a reality TV star who recently spent a year on jail for lying on bank loan documents and hiding income in a bankruptcy. Compare that to the SEC complaint. I'm reading it and only on page 43, but the amount of times they deceived and misappropriated EB-5 money is staggering and includes misrepresenting facts to banks. I thought the margin accounts were for stocks, but it looks like T-bills. How do you loose money on T-bills? https://www.sec.gov/litigation/complaints/2016/comp-pr2016-69.pdf

steamboat1 · Apr 16, 2016

deadheadskier said:
It had nothing to do with that and everything to do with your lack of control in politicizing anything you can as Democrat vs Republican. Donations have also been made by the accused to Romney and Kasich in the past.

Both parties wreak of corruption, but this is not the forum for discussing that. AZ has long had a no politics rule, which for some reason you have a history of not grasping.

Plenty of other places on the internet to discuss politics. Go find them if it's that important to you.

So it's only OK for you to bring it up. The man didn't mention any names but you felt the need to respond.

deadheadskier · Apr 16, 2016

steamboat1 said:
So it's only OK for you to bring it up. The man didn't mention any names but you felt the need to respond.

Actually I have no desire to discuss politics on AZ. That's kind of the point. Sorry that flew over your head boat.

steamboat1 · Apr 16, 2016

deadheadskier said:
Actually I have no desire to discuss politics on AZ. That's kind of the point. Sorry that flew over your head boat.

No you brought politics up not me. It would have been just as easy to let it go & let the page turn but your ego wouldn't have that. Not surprising at all considering your political leaning.

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