Big Burke announcement

[thetrailboss]

This will obviously be the key, you can't charge a premium price for a sub-premium product. So they need to make sure there are plenty of funds for finishing the hotel AND the snow making for the hotel pricing to remotely make sense. But they know that too.

You'd think that they know it, but they apparently don't. Stenger no doubt knows, but the Q's don't get it. The improvements this year are welcome, but from what I have seen they are not going to fix "the problem" unless you are a member of a certain ski racing program that will benefit from having some fan guns on the training hill.

 

[oldtimer]

While I agree that the fan guns on the training hill will mostly benefit the BMA kids, the trickle down of less air required will be real. I am also fairly certain that the fan guns will not be owned by Burke mtn, Qburke, or any Q relation. If the past is any guide, these are likely owned by the academy.

 

[thetrailboss]

While I agree that the fan guns on the training hill will mostly benefit the BMA kids, the trickle down of less air required will be real. I am also fairly certain that the fan guns will not be owned by Burke mtn, Qburke, or any Q relation. If the past is any guide, these are likely owned by the academy.

Exactly regarding BMA owning these. But I don't think that the "air" savings will be that great, but I could be wrong. My understanding is the real problem is the cut back in air compressor capacity. The obvious solution is to bring the compressors back.

 

[yeggous]

Hopefully Peaks buys it. I'd love to have Burke and Jay on my season pass.

A man can dream

Don't tease!


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[Masskier]

Exactly regarding BMA owning these. But I don't think that the "air" savings will be that great, but I could be wrong. My understanding is the real problem is the cut back in air compressor capacity. The obvious solution is to bring the compressors back.

No, The mountain is buying the 20 fan guns, not BMA. Also keep in mind that they will relocate the 28 (HKDs?) that are on the training hill now to other parts of the mountain. These guns are relatively new and are more efficient than the older ones. They will also increase water capacity on the upper mountain this summer.
One of their biggest obstacles has been their obligation to get the training hill open by their contractual deadline. In the past this would eat up a lot of their early season resources. Because of the fan guns on the Training hill, they will be able to start much earlier on opening and expanding other terrain for the public.

 

[River19]

No, The mountain is buying the 20 fan guns, not BMA. Also keep in mind that they will relocate the 28 (HKDs?) that are on the training hill now to other parts of the mountain. These guns are relatively new and are more efficient than the older ones. They will also increase water capacity on the upper mountain this summer.
One of their biggest obstacles has been their obligation to get the training hill open by their contractual deadline. In the past this would eat up a lot of their early season resources. Because of the fan guns on the Training hill, they will be able to start much earlier on opening and expanding other terrain for the public.

Given the story that broke last week in the Digger and the recent conversation around it, what is your take on the financial predicament Q Burke is wrapped up in?

 

[thetrailboss]

No, The mountain is buying the 20 fan guns, not BMA. Also keep in mind that they will relocate the 28 (HKDs?) that are on the training hill now to other parts of the mountain. These guns are relatively new and are more efficient than the older ones. They will also increase water capacity on the upper mountain this summer.
One of their biggest obstacles has been their obligation to get the training hill open by their contractual deadline. In the past this would eat up a lot of their early season resources. Because of the fan guns on the Training hill, they will be able to start much earlier on opening and expanding other terrain for the public.

That's great but I don't think it solves the problem. They should have learned that "efficiency" does not resolve their lack of compressed air. It would have been cheaper to just rent the compressors and do the some of the other fixes. Instead they're throwing money at the wrong issue.


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[VTKilarney]

Given the story that broke last week in the Digger and the recent conversation around it, what is your take on the financial predicament Q Burke is wrapped up in?

Massier won't answer. He comes here to play a PR game, not to have an actual discussion.


.

 

[thetrailboss]

Massier won't answer. He comes here to play a PR game, not to have an actual discussion.


.

Honestly I think any info is good info.


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[River19]

Massier won't answer. He comes here to play a PR game, not to have an actual discussion.


.

Oh we know why he usually comes here, but I figured I would throw it out there as even the PR spin would be entertaining to hear.

I'm just sitting back waiting for things to develop/conclude and see how the dust settles on this whole deal......

 

[Masskier]

Given the story that broke last week in the Digger and the recent conversation around it, what is your take on the financial predicament Q Burke is wrapped up in?

There really isn't much new in the Digger article. The SEC started 18 months ago, The article made it sound like it just happened. I think most of us knew that many of the larger EB5 projects have been under scrutiny. I think that the Cal Record had a better story on Friday. IMO, the real story should be about the completion of $282,000,000 of development that created 6,290 jobs and gave 430 investors their permanent green cards and another 134 conditional green cards. And currently there's $220 mil under development (Burke ad AncBio). You know its interesting how the eb 5 developement spurs other development. We are starting to see it on Burke.

 

[Masskier]

That's great but I don't think it solves the problem. They should have learned that "efficiency" does not resolve their lack of compressed air. It would have been cheaper to just rent the compressors and do the some of the other fixes. Instead they're throwing money at the wrong issue.


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Well, I would think that depending on which direction they go, the next phase they will either buy a bunch of fan guns or new compressors.

 

[Masskier]

Massier won't answer. He comes here to play a PR game, not to have an actual discussion.


.

No, you just have to ask nicely. What happen I notice the past few months your not as negative as you use to be?

 

[Masskier]

Oh we know why he usually comes here, but I figured I would throw it out there as even the PR spin would be entertaining to hear.

I'm just sitting back waiting for things to develop/conclude and see how the dust settles on this whole deal......

Well I hope you are entertained!

 

[thetrailboss]

There really isn't much new in the Digger article. The SEC started 18 months ago, The article made it sound like it just happened. I think most of us knew that many of the larger EB5 projects have been under scrutiny. I think that the Cal Record had a better story on Friday. IMO, the real story should be about the completion of $282,000,000 of development that created 6,290 jobs and gave 430 investors their permanent green cards and another 134 conditional green cards. And currently there's $220 mil under development (Burke ad AncBio). You know its interesting how the eb 5 developement spurs other development. We are starting to see it on Burke.

Well......I think there is a lot of skepticism over the numbers.

First, Stenger's projects are not done. In fact most are not even close to being done. AncBio is in trouble for various reasons. Sure, they're moving ahead, but success is not guaranteed. And half of Newport is still a warzone.

Second, the jobs numbers are making folks scratch their collective heads. Right now a lot of (out of town) construction workers have (temporary) jobs. There right now are not 6,000 "new" jobs.

And third, what exactly are those "new" jobs going to be? Mostly tourist industry jobs at minimum wage. I'd argue that a big problem with Vermont over the last 15 years or so is that these low wage jobs are the only ones being created. A lot of middle-income jobs disappeared, particularly in manufacturing. So that is not a great thing.

So I think we are still a ways from touting success.

 

[VTKilarney]

As of now AnC Bio is not happening. Ground was broken, but since the ceremony nothing has happened at the site - at least according to VTDigger.

I have no clue where the $22 million shortfall for the Q Burke hotel is coming from, but at least it's still moving along.

 

[Masskier]

Well......I think there is a lot of skepticism over the numbers.

First, Stenger's projects are not done. In fact most are not even close to being done. AncBio is in trouble for various reasons. Sure, they're moving ahead, but success is not guaranteed. And half of Newport is still a warzone.

Second, the jobs numbers are making folks scratch their collective heads. Right now a lot of (out of town) construction workers have (temporary) jobs. There right now are not 6,000 "new" jobs.

And third, what exactly are those "new" jobs going to be? Mostly tourist industry jobs at minimum wage. I'd argue that a big problem with Vermont over the last 15 years or so is that these low wage jobs are the only ones being created. A lot of middle-income jobs disappeared, particularly in manufacturing. So that is not a great thing.

So I think we are still a ways from touting success.

Agreed,

Those stats are from the Digger article and the job numbers did not include Burke or AnC Bio. Out of the 8 projects that started, 5 are complete.

Most of the jobs are in the hospitality/ tourism. AnC Bio would certainly create more skilled jobs. Also, it's interesting how other development are being spurred.

 

[Masskier]

As of now AnC Bio is not happening. Ground was broken, but since the ceremony nothing has happened at the site - at least according to VTDigger.

I have no clue where the $22 million shortfall for the Q Burke hotel is coming from, but at least it's still moving along.

I saw that too. The Cal Record had a picture and reported that site work was being done.

I don't think there is a short fall for the Hotel. They have 52+ investors waiting for their I 526 petitions to be approved.

 

[River19]

Agreed,

Those stats are from the Digger article and the job numbers did not include Burke or AnC Bio. Out of the 8 projects that started, 5 are complete.

Most of the jobs are in the hospitality/ tourism. AnC Bio would certainly create more skilled jobs. Also, it's interesting how other development are being spurred.

OK I'll bite....fish on........what other development has been spurred by the development at Burke?

 

[VTKilarney]

OK I'll bite....fish on........what other development has been spurred by the development at Burke?

Arguably there have been a couple of restaurants and an inn that have opened recently. It's a stretch, however, to say that these only came about because of a half built hotel. I think Kingdom Trails may have had a little something to do with it.