Offer made to buy Burke

[thetrailboss]

I think NV has got some decent potential due to the fact that their location is pretty good. If they build the village there you've got skiing at NV, Powder, Snowbasin and whatever Wasatch Peaks is going to be (public or Private). You've got the Pineview Resevoir next door and I believe the Wolf Creek resort has golf for warm weather. This all within a reasonable distance from SLC airport. Decent recipe in my opinion.

WPR is Uber private and secretive.

 

[VTSkiBike]

I'm sorry but are Vermont locals ever happy? I'm sure they wouldn't be happy if the resort shut down.

You won't find me complaining but, then again, I don't live in a resort town.

 

[thetrailboss]

Burke and East Burke are slammed all summer with mountain bikers; it's even getting to be too much for the locals. Who ever buys Burke will inherit a big summer bike business.

The downside of the wildly successful experiment that was created by a couple locals in 1994. It has been quite busy up here for what normally is a sleepy time of year. The biggest issues stem from a lack of etiquette, on and off trail. I've seen a couple instances of people not riding single file on the roads. A little respect goes a long way.

 

[raisingarizona]

But the vast majority of Powder Mountains acreage is made up of the snowcat and hiking terrain. Its lift served terrain is only a fraction of their advertised 8,464 Acres.

That will eventually change too.

 

[2planks2coasts]

That will eventually change too.

Exactly

 

[snoseek]

The downside of the wildly successful experiment that was created by a couple locals in 1994. It has been quite busy up here for what normally is a sleepy time of year. The biggest issues stem from a lack of etiquette, on and off trail. I've seen a couple instances of people not riding single file on the roads. A little respect goes a long way.

I started riding here in the mid 90s when you bought a trail map in the bike shop and that was the fee. It is busy enough now that I mostly wait until summer is over to head up there. I don't think anyone could have imagined it would blow up post 2k like it did. It has infused a lot of money into that area but yeah if you're local I could totally see that getting old real quick and if you look at the current trail map there's definitely some pushback (Darling hill is now so different). I love the place and looking forward to spending a week up this fall but things are definitely different now.

 

[Hawk]

KT is not the same now. We used to go 2 or 3 times a year since early on because we had friends that owned up there. We stayed at the Camp site on the toll road that goes to the top of the mountain. Great fun and even better ridng back then. The dispute a few year ago with the land owners removed a huge connecting piece right in the middle. Rode it last year and it is not the same. We now just go to the MRV, Hinesburg, Cady Hill and the Von Trapp area at Stowe, Perry hill in Waterbury and other places in Central VT. KT is very busy now and I can see how some local people would hate it. The businesses and the chamber of commerce don't have any issues. They are now making money where things used to be lean. I guess it is just a perspecive thing.

 

[VTSkiBike]

KT is not the same now. We used to go 2 or 3 times a year since early on because we had friends that owned up there. We stayed at the Camp site on the toll road that goes to the top of the mountain. Great fun and even better ridng back then. The dispute a few year ago with the land owners removed a huge connecting piece right in the middle. Rode it last year and it is not the same. We now just go to the MRV, Hinesburg, Cady Hill and the Von Trapp area at Stowe, Perry hill in Waterbury and other places in Central VT. KT is very busy now and I can see how some local people would hate it. The businesses and the chamber of commerce don't have any issues. They are now making money where things used to be lean. I guess it is just a perspecive thing.

The thing about KT being so crowded is that there is a wide variety of better riding at all those places you mentioned. Mountain biking as a whole has blown up around here but no other VT trail networks gets nearly as busy at KT.

 

[crank]

What we love about KT is the miles and miles of non techy trails. So many rocky rooty ones around here. Haven't been riding there since they closed off the Darling Hill trails though we went xc there winter before last.

 

[thetrailboss]

State settles with 8 Jay Peak investors in EB-5 case - VTDigger

Just two days into what would have been a 10-day trial, the Vermont Attorney General’s Office reached an agreement with the first of four groups of defrauded investors suing the state for negligence.

vtdigger.org

 

[Abominable]

I've never skied Burke but as a Catamount / BEast / Bousquet passholder, would love to see it. I don't know enough about the Schaefers to say, but this would be far from their current area of ops, no? Although they do embrace the mountain biking aspect.

 

[thetrailboss]

State to pay up to $16.5 million to resolve EB-5 claims by defrauded Jay Peak investors - VTDigger

The deal, which requires court approval, would bring to a close any pending or potential lawsuits against the state for its role in the EB-5 scandal.

vtdigger.org

 

[2planks2coasts]

Gotta say I'm impressed the bidder hasn't been publicly named yet.

 

[thetrailboss]

In other news.....

Vermont’s EB-5 settlement calls for attorneys to receive $5.5 million, some investors to get $1,000 - VTDigger

Michael Goldberg, a court-appointed receiver overseeing assets tied to a massive investor fraud case in Vermont’s Northeast Kingdom, has submitted a filing outlining how $16.5 million in settlement money from the state could be divided.

vtdigger.org

 

[Former Sunday Rivah Rat]

Investors get screwed while the laywers get rich. A clear example of why there are so many laywer jokes

 

[trackbiker]

Investors get screwed while the laywers get rich. A clear example of why there are so many laywer jokes

And the government officials get to wipe their hands and walk away without any accountability at all.

"As part of the settlement, government officials deny wrongdoing."

 

[thetrailboss]

And the government officials get to wipe their hands and walk away without any accountability at all.

True. They shifted the burden to the taxpayers.

"As part of the settlement, government officials deny wrongdoing."

So, in all fairness, EVERY settlement agreement has this language.

 

[trackbiker]

True. They shifted the burden to the taxpayers.

So, in all fairness, EVERY settlement agreement has this language.

Yes, but in nongovernment settlements the organization or the defendant has to pay the settlement. The lawmakers screw up and are negligent and, like you said, "They shifted the burden to the taxpayers."

 

[BenedictGomez]

Yes, but in nongovernment settlements the organization or the defendant has to pay the settlement. The lawmakers screw up and are negligent and, like you said, "They shifted the burden to the taxpayers."

It's good to be the one who controls the rifles & bayonets.

 

[jimmywilson69]

So was it ever revealed who is trying to buy Burke?