Stenger and Quiros Ousted from Management of Jay Peak and Burke - Page 2

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  1. #11
    Quote Originally Posted by sull1102 View Post
    Can't wait to see how PeakCM is involved here
    Directly, probably none whatsoever as they are 2 completely separate EB-5 projects where the fund raising occurred at completely different times AND none of the EB-5 money that Peak raised has been released from escrow thus far.

    Indirectly, the already delayed release of the EB-5 money that they have in escrow because of delays from the INS verifying the VISA's associated with the EB-5 investors, will likely be delayed further because the the creation of greater levels of oversight to make sure that those investment EB-5 funds are going exactly where they should be



    My guess is that today's culmination of the Stenger/Quiros EB-5 investigation will likely remove the chance that Peak gets their EB-5 funds released anywhere in the near future and as such they (Peak) won't be able to complete the West Lake Snowmaking project and start the new base lodge at Carinthia this summer as planned
    '07--08 season: 51 Days, '08-'09 season: 55 Days, '09-'10 season: 41 Days, '10-'11 season: 49 days, '11-'12 season: 40 Days '12-'13 season: 57 days, '13-'14 season, 60 days '14-'15 season 60 days, '15-'16 season 52 days, '16-'17 season: 50 days, '17-'18 season 52 days, '18-'19 season 45 days '07-'19 seasons: 612 Days

    '19 - '20 season:

    November: 16.17,23,29,30 (Mount Snow)
    December: 1,7,14,15,21,26,27,28,29,30 (Mount Snow) 16 (Mount Southington) 22 (Okemo) 31 (Berkshire East)
    January: 1,4,5,11,12,18,19,20 (Mount Snow) 6,13 (Mount Southington)

  2. #12
    Quote Originally Posted by drjeff View Post
    Directly, probably none whatsoever as they are 2 completely separate EB-5 projects where the fund raising occurred at completely different times AND none of the EB-5 money that Peak raised has been released from escrow thus far.

    Indirectly, the already delayed release of the EB-5 money that they have in escrow because of delays from the INS verifying the VISA's associated with the EB-5 investors, will likely be delayed further because the the creation of greater levels of oversight to make sure that those investment EB-5 funds are going exactly where they should be

    My guess is that today's culmination of the Stenger/Quiros EB-5 investigation will likely remove the chance that Peak gets their EB-5 funds released anywhere in the near future and as such they (Peak) won't be able to complete the West Lake Snowmaking project and start the new base lodge at Carinthia this summer as planned
    Me thinks you have your "Peaks" confused. PeakCM vs. Peak Resorts.

  3. #13
    Quote Originally Posted by drjeff View Post
    Directly, probably none whatsoever as they are 2 completely separate EB-5 projects where the fund raising occurred at completely different times AND none of the EB-5 money that Peak raised has been released from escrow thus far.

    Indirectly, the already delayed release of the EB-5 money that they have in escrow because of delays from the INS verifying the VISA's associated with the EB-5 investors, will likely be delayed further because the the creation of greater levels of oversight to make sure that those investment EB-5 funds are going exactly where they should be

    My guess is that today's culmination of the Stenger/Quiros EB-5 investigation will likely remove the chance that Peak gets their EB-5 funds released anywhere in the near future and as such they (Peak) won't be able to complete the West Lake Snowmaking project and start the new base lodge at Carinthia this summer as planned
    I think he's referring to the general contractor that built the hotel, PeakCM, which has done all the work for Jay/Q in recent years.

    But as I mentioned in the Big Burke thread, Peak (Mt. Snow) people must be so pissed right now. Those funds are going to be in escrow for a loong time.

  4. #14
    MEtoVTSkier's Avatar
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    Quote Originally Posted by sull1102 View Post
    Can't wait to see how PeakCM is involved here
    Yeah, since they've only existed for a few years...

    I'd say Mike's Electric is gonna be scrutinized, as well as any other connected companies that have done business in this mess.

  5. #15
    Quote Originally Posted by trackbiker View Post
    Me thinks you have your "Peaks" confused. PeakCM vs. Peak Resorts.
    100% guilty as Quiros on this one
    '07--08 season: 51 Days, '08-'09 season: 55 Days, '09-'10 season: 41 Days, '10-'11 season: 49 days, '11-'12 season: 40 Days '12-'13 season: 57 days, '13-'14 season, 60 days '14-'15 season 60 days, '15-'16 season 52 days, '16-'17 season: 50 days, '17-'18 season 52 days, '18-'19 season 45 days '07-'19 seasons: 612 Days

    '19 - '20 season:

    November: 16.17,23,29,30 (Mount Snow)
    December: 1,7,14,15,21,26,27,28,29,30 (Mount Snow) 16 (Mount Southington) 22 (Okemo) 31 (Berkshire East)
    January: 1,4,5,11,12,18,19,20 (Mount Snow) 6,13 (Mount Southington)

  6. #16
    Interesting. Always wondered about the Q in Q-Burke. When I was up at Jay this year I notice two mug shots of Quiros and Stenger behind the front desk at one of the hotels. I thought at the time that Quiros made Putin look like a slacker - now I know. Stenger just looked like his eager lap dog. Lotsa bad blood going down with those deals.

  7. #17
    WANTED, FOR SECURITY FRAUD!

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  8. #18

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    First hand, I really like skiing and staying at Jay. I have only skied Burke once (When it was Burke circa 2006).

    Boom, S.E.C.

    I hope the Burke issues are resolved. I'm not sure we will ever see a West Bowl at Jay. I just wanted the terrain.
    Ski it like you stole it!

  9. #19

  10. #20
    Quote Originally Posted by MG Skier View Post
    I'm not sure we will ever see a West Bowl at Jay.

    I'm filing for EB-5 money for that, and I only need one $500,000 EB-5 VISA.

    MATERIALS & ALLOCATION:

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    Rounds 10.5 grain .177 Caliber Pellets - $150
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